{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-024201","form_type":"8-K","ticker":"BSFC","cik":"0001730773","company_name":"Blue Star Foods Corp.","filed_at":"2023-07-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.026291+00:00","generated_at":"2026-06-13T10:08:05.103657+00:00","sec_items":["1.01","1.02","3.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Blue Star terminates $5M revolver after paying ~$108k; waives revenue target for 17,247 earnout shares","bullets":["Terminated $5M Lighthouse revolving credit line; repaid ~$93,490 principal, ~$9,988 interest, ~$4,991 fees (total ~$108,471).","Waived CAD$1.3M cumulative revenue condition for TOBC acquisition earnout; released 17,247 restricted shares to sellers (8,451 to Steve Atkinson, 8,796 to Janet Atkinson).","Loan was secured by assets of subsidiaries Keeler & Co. and Coastal Pride; CEO John Keeler had personal guaranty up to $1M, now likely released.","Additional Shares issued unregistered under Section 4(a)(2) as restricted securities; sellers hold for investment."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-024201","json":"https://secwatch.observer/filing/0001493152-23-024201.json","markdown":"https://secwatch.observer/filing/0001493152-23-024201.md","text":"https://secwatch.observer/filing/0001493152-23-024201.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1730773/000149315223024201/0001493152-23-024201-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1730773/000149315223024201/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T10:08:05.103657+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"45cb8e577a01a6d82592658d0b9805b0c0ce66c7","claim":"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).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1730773/000149315223024201/0001493152-23-024201-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Taste of BC Aquafarms Inc. and Steve Atkinson and Janet Atkinson"},{"label":"Effective","value":"2023-07-06"}],"fact_type":"material_agreement"},{"claim_id":"75aa14ccac21a3ca3c812f6d77d268975cbb496c","claim":"Blue Star Foods Corp. terminated Loan Agreement with Lighthouse Financial Corp. valued at $5,000,000 revolving line of credit (effective 2023-06-16).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1730773/000149315223024201/0001493152-23-024201-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Lighthouse Financial Corp."},{"label":"Value","value":"$5,000,000 revolving line of credit"},{"label":"Effective","value":"2023-06-16"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}