Blue Star Foods Corp. (BSFC): Nasdaq/NYSE listing notice — Blue Star Foods faces Nasdaq delisting; plans appeal and reverse split

Blue Star Foods Corp.

Received Nasdaq notice on March 26, 2024 for failing to regain minimum bid price compliance by March 25, 2024.
Not eligible for second 180-day grace period due to not meeting $5M minimum stockholders' equity requirement.
Will appeal to Nasdaq Hearings Panel by April 2, 2024; shares remain traded pending panel decision.
Special meeting on April 30, 2024 to approve reverse stock split (1:2 to 1:50) to satisfy bid price rule.

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 0.95

Blue Star Foods Corp. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

March 26, 2024, the Company received a letter from the Staff indicating that as of March 25, 2024, the Company has not regained compliance with the Minimum Bid Price Requirement for continued listing on Nasdaq. In order to be eligible for a second 180 day period, the Company must meet the initial listing requirements for Nasdaq. Nasdaq stated the Company is not in compliance with the $5,000,000 minimum stockholders’ equity initial listing requirement and, as such, is not eligible for a second 180 day period to regain compliance. The Company intends to appeal this determination and present its

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Blue Star Foods Corp. filing history →

Source: SEC EDGAR

accession 0001493152-24-012439

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