other material
confidence high
sentiment neutral
materiality 0.60
Blue Star Foods completes 1-for-50 reverse stock split, reducing outstanding shares to ~1.14M
Blue Star Foods Corp.
- Reverse split ratio 1-for-50 effective May 20, 2024; approved by holders of 62.9% voting power on April 30.
- Pre-split outstanding shares of 57,149,378 converted to approximately 1,142,949 shares post-split.
- Authorized shares unchanged at 100M; no fractional shares issued; cash paid for fractions.
- Outstanding warrants, options, and convertible securities adjusted ratably per their terms.