Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Blue Star Foods Corp. entered into a equity purchase with Taste of BC Aquafarms Inc. and Steve Atkinson and Janet Atkinson (effective 2023-07-06).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- Taste of BC Aquafarms Inc. and Steve Atkinson and Janet Atkinson
- Effective
- 2023-07-06
Exact text from the filing
On July 6, 2023, Blue Star Foods Corp., a Delaware corporation (the “Company”), Taste of BC Aquafarms Inc., a corporation formed under the Province of British Columbia, Canada (“TOBC”) and Steve Atkinson and Janet Atkinson (each a “Seller” and collectively, the “Sellers”), entered into an agreement to waive a requirement in the First Amendment to Stock Purchase Agreement
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Blue Star Foods Corp. terminated Loan Agreement with Lighthouse Financial Corp. valued at $5,000,000 revolving line of credit (effective 2023-06-16).
- Action
- termination
- Agreement
- credit facility
- Counterparty
- Lighthouse Financial Corp.
- Value
- $5,000,000 revolving line of credit
- Effective
- 2023-06-16
Exact text from the filing
On June 16, 2023, the Company terminated the loan and security agreement, dated March 31, 2021 (the “Loan Agreement”), between Lighthouse Financial Corp., a North Carolina corporation (“Lighthouse”) and the Company’s wholly-owned subsidiary, John Keeler & Co., Inc., d/b/a Blue Star Foods, a Florida corporation (“Keeler & Co.”) and its wholly-owned subsidiary, Coastal Pride Seafood, LLC, a Florida limited liability company (“Coastal Pride”) and paid a total of approximately $108,471 to Lighthouse which included, as of June 16, 2023, an outstanding principal balance of approximately $93,490, accrued interest of approximately $9,988, and other fees incurred in connection with the line of credit of approximately $4,991.
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