other material
confidence medium
sentiment neutral
materiality 0.50
Blue Star Foods reports progress toward Nasdaq compliance; believes bid price rule satisfied
Blue Star Foods Corp.
- Company received Nasdaq extension to June 5, 2024 to demonstrate compliance with Listing Rule 5550(a)(2).
- Previously required to file Form 10-K by April 1 and Form 10-Q by May 15, and show bid price ≥$1.00 for 10 consecutive sessions by May 30.
- Company believes it has now demonstrated compliance with the bid price requirement under Rule 5550(a)(2).
- No confirmation from Nasdaq has been provided; stock remains subject to continued listing conditions.