Blue Star Foods regains Nasdaq minimum stockholders' equity compliance after $5M offering

Blue Star Foods Corp.

On Oct 16, 2023, Nasdaq Staff confirmed company regained compliance with $2.5M minimum stockholders' equity requirement.
Company closed a $5M public offering on Sep 11, 2023, generating ~$4.5M net proceeds to achieve compliance.
Company remains non-compliant with Nasdaq minimum bid price rule; has until Mar 24, 2024 to cure.
Nasdaq will monitor equity compliance through Oct 16, 2024; any new deficiency triggers a new hearing.

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