secwatch.observer — SEC 8-K summary
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Issuer:     Blue Star Foods Corp. (BSFC)
CIK:        0001730773
Form:       8-K
Filed at:   2023-05-12T23:59:59+00:00
Accession:  0001493152-23-016507
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.07, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Blue Star Foods stockholders approve reverse split and new $1.2M convertible note with Lind
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- Stockholders approved reverse stock split (ratio 1:2 to 1:50, exact ratio set by board).
- Approved issuance of more than 20% of common stock under existing Lind purchase agreement.
- Entered non-binding term sheet with Lind for $1.2M secured convertible note and warrant for 6.25M shares.
- Proceeds from note and warrant, plus $50k commitment fee, for general working capital.
- Special meeting had 29,927,744 shares represented; all three proposals passed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1730773/000149315223016507/0001493152-23-016507-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1730773/000149315223016507/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-016507

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer