Blue Star Foods closes $0.4655/unit public offering of shares and warrants

Blue Star Foods Corp.

Priced public offering of 690,000 shares of common stock, Series A-1 warrants, Series A-2 warrants, and pre-funded warrants at $0.4655 per unit.
Each share/pre-funded warrant includes two common warrants: Series A-1 (5-year term, $0.4655 exercise price) and Series A-2 (18-month term, $0.4655 exercise price).
Pre-funded warrants priced at $0.4555 with exercise price of $0.01; all securities immediately separable.
H.C. Wainwright acted as placement agent, receiving 7% gross proceeds fee plus $35k expenses and $100k legal fees.
Offering closed on September 11, 2023.

item 1.01 item 8.01 item 9.01

Key facts

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 Purchase Agreement with certain investors (effective 2023-09-07).

Action: entry
Agreement: equity purchase
Counterparty: certain investors
Effective: 2023-09-07

Exact text from the filing

On September 7, 2023, Blue Star Foods Corp. (the "Company") priced a "best efforts" public offering for the sale by the Company of an aggregate of 690,000 shares of common stock, together with Series A-1 warrants to purchase up to 10,741,139 shares of common stock and Series A-2 warrants to purchase up to 10,741,139 shares of common stock (collectively, the "Common Warrants") and 10,051,130 pre-funded warrants (the "Pre-Funded Warrants").

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Blue Star Foods Corp. filing history →

Source: SEC EDGAR

accession 0001493152-23-032333

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