secwatch.observer — SEC 8-K summary
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Issuer:     Blue Star Foods Corp. (BSFC)
CIK:        0001730773
Form:       8-K
Filed at:   2024-04-18T23:59:59+00:00
Accession:  0001493152-24-015118
Event type: debt
Sentiment:  negative
Materiality: 0.70
Item codes: 2.03, 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1730773/000149315224015118/0001493152-24-015118-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1730773/000149315224015118/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-015118

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer