secwatch.observer — SEC 8-K summary
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Issuer:     Blue Star Foods Corp. (BSFC)
CIK:        0001730773
Form:       8-K
Filed at:   2023-07-28T23:59:59+00:00
Accession:  0001493152-23-025872
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blue Star Foods issues $300K convertible note to Lind Global Fund II, amends purchase agreement
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- Issued $300,000 secured convertible promissory note and warrant for 175,234 shares for aggregate funding of $250,000.
- Purchase agreement amended to allow further notes up to $1,800,000 total; funding amount increased to $1,500,000.
- Conversion price is lesser of $1.34 or 90% of the lowest single VWAP during the 20 trading days before conversion.
- Warrant exercisable at $1.34 per share for 5 years beginning 6 months from issuance; includes cashless and anti-dilution provisions.
- Proceeds used for general working capital; filing of resale registration statement for underlying shares agreed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1730773/000149315223025872/0001493152-23-025872-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1730773/000149315223025872/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-025872

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