---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-015118"
form_type: "8-K"
ticker: "BSFC"
cik: "0001730773"
company_name: "Blue Star Foods Corp."
filed_at: "2024-04-18T23:59:59+00:00"
generated_at: "2026-06-03T19:08:52.800154+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Blue Star Foods raises $438K via promissory notes; NASDAQ listing conditional

## Summary
- Issued $300K note to Hart Associates plus 500K restricted shares; due May 15, 2024 with $50K one-time interest.
- Issued $138K convertible note to 1800 Diagonal Lending ($23K OID); due Jan 15, 2025; default conversion at 61% of market price.
- Proceeds to support increased demand under Master Service Agreement and soft shell crab operations; CEO cites 2,776 retail outlets and 4 new club-store products.
- NASDAQ continued listing conditioned on filing Q1 10-Q by May 15, 2024 and closing bid price >$1 for 10 days by May 30, 2024.

## SEC filing metadata
- accession: 0001493152-24-015118
- form_type: 8-K
- ticker: BSFC
- cik: 0001730773
- company_name: Blue Star Foods Corp.
- filed_at: 2024-04-18T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.03, 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1730773/000149315224015118/0001493152-24-015118-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1730773/000149315224015118/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-015118
- JSON: https://secwatch.observer/filing/0001493152-24-015118.json
- Plain text: https://secwatch.observer/filing/0001493152-24-015118.txt

## Key facts
- Debt Financings
  Blue Star Foods Corp. incurred loan of $300,000 with Hart Associates, LLC at one-time interest payment of $50,000 maturing May 15, 2024.
  - Instrument: loan
  - Principal: $300,000
  - Counterparty: Hart Associates, LLC
  - Rate: one-time interest payment of $50,000
  - Maturity: May 15, 2024
  - Event: incurrence
  source text: On April 16, 2024 Blue Star Foods Corp. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with Hart Associates, LLC, a Delaware limited liability company (the “Hart”), pursuant to which the Company issued to Hart a promissory note in the principal amount of $300,000 (the “Hart Note”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1730773/000149315224015118/0001493152-24-015118-index.htm
- Debt Financings
  Blue Star Foods Corp. incurred convertible notes of $138,000 with 1800 Diagonal Lending LLC at one-time interest payment of $26,220 maturing January 15, 2025.
  - Instrument: convertible notes
  - Principal: $138,000
  - Counterparty: 1800 Diagonal Lending LLC
  - Rate: one-time interest payment of $26,220
  - Maturity: January 15, 2025
  - Event: incurrence
  source text: On April 16, 2024 the Company issued to 1800 Diagonal Lending LLC, a Virginia limited liability company, a convertible promissory note in the principal amount of $138,000 which had an original issue discount of $23,000 (the “Diagonal Note”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1730773/000149315224015118/0001493152-24-015118-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.