Blue Star Foods Corp. (BSFC): Nasdaq/NYSE listing notice — Blue Star Foods gets Nasdaq delisting notice; equity $482,294 below minimum

Blue Star Foods Corp.

Nasdaq notified Blue Star on Nov 27, 2023 that its $482,294 stockholders' equity (Sep 30, 2023) fails Rule 5550(b)(1).
Company is ineligible for compliance period due to existing Mandatory Panel Monitor through Oct 16, 2024.
Company will request a hearing by Dec 4, 2023, citing recent conversion of non-cash liabilities to equity to meet standard.
Hearing request stays suspension and Form 25-NSE pending Panel decision; hearing fee is $20,000.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.82

Blue Star Foods Corp. received a nasdaq noncompliance notice notice regarding late filing (rules 5550(b)(1)).

Exchange: nasdaq
Notice: noncompliance notice
Deficiency: late filing
Rules: 5550(b)(1)

Exact text from the filing

September 30, 2023 as filed with the Securities and Exchange Commission, the Company is no longer in compliance with the minimum stockholders’ equity requirement for continued inclusion on the Nasdaq Capital Market under Nasdaq Listing Rule 5550(b)(1) (the “Stockholders’ Equity Requirement”), which matter serves as a basis for delisting the Company’s securities from Nasdaq. As previously reported on a Current Report on Form 8-K filed on October 17, 2023, the Company is subject to a Mandatory Panel Monitor for a period of one year, or until October 16, 2024. As such, the Company is not eligible

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Blue Star Foods Corp. filing history →

Source: SEC EDGAR

accession 0001493152-23-043406

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