---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-017881"
form_type: "8-K"
ticker: "BSFC"
cik: "0001730773"
company_name: "Blue Star Foods Corp."
filed_at: "2023-05-17T23:59:59+00:00"
generated_at: "2026-06-14T22:30:46.693098+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Blue Star Foods enters $10M ELOC with ClearThink; issues 1.25M commitment shares

## Summary
- ClearThink agrees to buy up to $10M of Blue Star common stock at 80% of two lowest VWAPs over 6-day valuation period.
- Each draw minimum $25K, maximum lesser of $1M or 300% of 10-day avg daily trading value.
- Blue Star issues 1.25M restricted shares as commitment fee; separate SPA for 1M shares at $200K total.
- Draws prohibited until registration statement effective; beneficial ownership cap of 9.99%.
- Share issuance capped at 19.99% of pre-deal outstanding unless shareholder approval obtained.

## SEC filing metadata
- accession: 0001493152-23-017881
- form_type: 8-K
- ticker: BSFC
- cik: 0001730773
- company_name: Blue Star Foods Corp.
- filed_at: 2023-05-17T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1730773/000149315223017881/0001493152-23-017881-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1730773/000149315223017881/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-017881
- JSON: https://secwatch.observer/filing/0001493152-23-017881.json
- Plain text: https://secwatch.observer/filing/0001493152-23-017881.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.