regulatory
confidence high
sentiment negative
materiality 0.70
Blue Star Foods gets NASDAQ extension to Sept 15, 2023 to meet equity rule
Blue Star Foods Corp.
- NASDAQ Panel granted extension to Sept 15, 2023 to demonstrate compliance with minimum $2.5M stockholders' equity (Listing Rule 5550(b)).
- Company originally required to file registration statement for $5M public offering by July 28, 2023 and show compliance by Aug 18, 2023.
- Extension request made Aug 17, 2023; Panel granted it Aug 23, 2023.
- Failure to comply could result in delisting from NASDAQ Capital Market.