---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-018594"
form_type: "8-K"
ticker: "BSFC"
cik: "0001730773"
company_name: "Blue Star Foods Corp."
filed_at: "2023-05-22T23:59:59+00:00"
generated_at: "2026-06-14T18:22:03.043699+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 receives Nasdaq delisting notice; appeals and shareholders approve reverse split

## Summary
- Nasdaq notified Blue Star on May 17, 2023 it failed to meet minimum bid price requirement and is ineligible for a second 180-day cure period.
- Company requested a hearing before Nasdaq Hearings Panel on May 22, 2023, which stays any suspension or delisting pending final decision.
- Stockholders approved a reverse stock split on May 10, 2023 at a ratio from 1:2 to 1:50 to regain compliance with the bid price rule.
- If no appeal, common stock would be suspended at the open on May 26, 2023.

## SEC filing metadata
- accession: 0001493152-23-018594
- form_type: 8-K
- ticker: BSFC
- cik: 0001730773
- company_name: Blue Star Foods Corp.
- filed_at: 2023-05-22T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1730773/000149315223018594/0001493152-23-018594-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1730773/000149315223018594/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-018594
- JSON: https://secwatch.observer/filing/0001493152-23-018594.json
- Plain text: https://secwatch.observer/filing/0001493152-23-018594.txt

## Key facts
- Listing & Compliance Notices
  Blue Star Foods Corp. received a nasdaq delisting notice notice regarding minimum bid price (rules 5550(a)(2)).
  - Exchange: nasdaq
  - Notice: delisting notice
  - Deficiency: minimum bid price
  - Rules: 5550(a)(2)
  source text: May 17, 2023, Blue Star Foods Corp. (the “Company”) received a letter from the Listing Qualifications Staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company has not regained compliance with the minimum bid price requirement in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”) for continued listing on The Nasdaq Capital Market and is not eligible for a second 180 day period to regain compliance with the Minimum Bid Price Requirement. Accordingly, unless the Company timely requests an appeal of this determination before the Nasdaq Hearings Pa
  evidence_url: https://www.sec.gov/Archives/edgar/data/1730773/000149315223018594/0001493152-23-018594-index.htm

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