Blue Star Foods announces 1-for-20 reverse stock split effective June 21, 2023

Blue Star Foods Corp.

Reverse stock split at 1-for-20 ratio approved by Board on June 1, 2023, effective June 21, 2023.
Purpose is to increase share price to meet Nasdaq continued listing requirements.
Approximately 52.7M pre-split shares converted to ~2.63M shares; no change in authorized shares.
Fractional shares paid in cash; no dilutive effect on ownership percentages. Proportional adjustments to warrants and options.

item 3.03 item 5.03 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Blue Star Foods Corp.: Certificate of Amendment filed to effect a 1-for-20 reverse stock split (effective 2023-06-21).

Change: charter amendment
Effective: 2023-06-21

Exact text from the filing

On June 9, 2023, the Company filed a Certificate of Amendment (the “Certificate of Amendment”) to the Company’s Amended and Restated Certificate of Incorporation, as previously amended (“Certificate of Incorporation”), with the Secretary of State of the State of Delaware, to effect a reverse stock split of the Company’s common stock, $0.0001 par value per share (“Common Stock”), at a rate of 1-for-20 (the “Reverse Stock Split”), effective as of June 21, 2023.

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Blue Star Foods Corp. filing history →

Source: SEC EDGAR

accession 0001493152-23-021899

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