Blue Star Foods Corp. (BSFC): Nasdaq/NYSE listing notice — Blue Star Foods receives Nasdaq delisting notice for failing minimum equity requirement

Blue Star Foods Corp.

Stockholders' equity of $479,238 as of March 31, 2023, below Nasdaq's minimum requirement.
Company also does not meet alternative compliance standards based on market value or net income.
Requested a hearing before Nasdaq Hearings Panel on June 29, 2023, to present a plan to regain compliance.
There is no assurance the plan will be accepted or that compliance can be regained.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Blue Star Foods Corp. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: stockholders equity
Rules: 5550(b)(1)

Exact text from the filing

May 23, 2023, Blue Star Foods Corp. (the “Company”) received a written notification (the “Notice”) from the Listing Qualifications Staff of the Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that based on the Company’s stockholders’ equity of $479,238 as reported in the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 as filed with the Securities and Exchange Commission, the Company is no longer in compliance with the minimum stockholders’ equity requirement for continued inclusion on the Nasdaq Capital Market under Nasdaq Listing Rule 5550(b)(1) (the “Sto

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Blue Star Foods Corp. filing history →

Source: SEC EDGAR

accession 0001493152-23-019700

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