Highest-materiality recent filing
Blue Star Foods stockholders approve reverse stock split and share issuance at annual meeting
Stockholders approved reverse stock split (1:2 to 1:20 ratio); board to determine exact ratio.
Nasdaq Panel determined delisting for non-compliance with Minimum Bid Price Requirement (Listing Rule 5550(a)(2)).
Blue Star Foods receives Nasdaq delisting notice for bid price non-compliance, requests hearing
Received Nasdaq delisting notice on Oct 16, 2024 for non-compliance with $1.00 minimum bid price requirement.
Blue Star Foods Regains Nasdaq Compliance; Subject to One-Year Monitor
Received Nasdaq letter June 11 confirming compliance with bid price rule 5550(a)(2) and equity rule 5550(b)(1).
Blue Star Foods completes 1-for-50 reverse stock split, reducing outstanding shares to ~1.14M
Reverse split ratio 1-for-50 effective May 20, 2024; approved by holders of 62.9% voting power on April 30.
Blue Star Foods stockholders approve reverse stock split at special meeting
Reverse split ratio between 1:2 and 1:50, with exact ratio set by Board.
Blue Star Foods raises $438K via promissory notes; NASDAQ listing conditional
Issued $300K note to Hart Associates plus 500K restricted shares; due May 15, 2024 with $50K one-time interest.
Nasdaq panel grants Blue Star Foods conditional extension to regain listing compliance
Received Nasdaq delisting notice March 26, 2024 for bid price non-compliance; appealed April 1.
Contract manufacturing agreement with Afritex Ventures and Eagle Rising Food Solutions, effective March 21, 2024, initial term two years.
Blue Star Foods faces Nasdaq delisting; plans appeal and reverse split
Received Nasdaq notice on March 26, 2024 for failing to regain minimum bid price compliance by March 25, 2024.
Nasdaq grants Blue Star Foods listing extension to May 15, 2024 with conditions
Company failed to meet minimum $2.5M stockholders' equity for continued listing under Rule 5550(b)(1).
Blue Star Foods receives Nasdaq delisting notice; hearing set for March 28, 2024
Nasdaq notified company of non-compliance with minimum stockholders' equity rule ($482,294 reported).
Blue Star Foods gets Nasdaq delisting notice; equity $482,294 below minimum
Nasdaq notified Blue Star on Nov 27, 2023 that its $482,294 stockholders' equity (Sep 30, 2023) fails Rule 5550(b)(1).
Blue Star Foods regains Nasdaq minimum stockholders' equity compliance after $5M offering
On Oct 16, 2023, Nasdaq Staff confirmed company regained compliance with $2.5M minimum stockholders' equity requirement.
Blue Star Foods receives Nasdaq delisting notice for bid price non-compliance
Received Nasdaq notice on Sept 26, 2023 for failing to maintain minimum $1.00 bid price over 30 consecutive business days.
Blue Star Foods closes $5M offering, believes NASDAQ compliance regained
Closed $5 million public offering on September 11, 2023.
Blue Star Foods closes $0.4655/unit public offering of shares and warrants
Priced public offering of 690,000 shares of common stock, Series A-1 warrants, Series A-2 warrants, and pre-funded warrants at $0.4655 per unit.
Blue Star Foods gets NASDAQ extension to Sept 15, 2023 to meet equity rule
NASDAQ Panel granted extension to Sept 15, 2023 to demonstrate compliance with minimum $2.5M stockholders' equity (Listing Rule 5550(b)).
Blue Star Foods announces 1-for-20 reverse stock split effective June 21, 2023
Reverse stock split at 1-for-20 ratio approved by Board on June 1, 2023, effective June 21, 2023.
Blue Star Foods issues $1.2M secured convertible note to Lind Global for $1M working capital
Issued $1.2M senior secured interest-free convertible note; funding amount $1M after $50k fee.
Blue Star Foods receives Nasdaq delisting notice for failing minimum equity requirement
Stockholders' equity of $479,238 as of March 31, 2023, below Nasdaq's minimum requirement.
Blue Star Foods Q1 revenue drops 64% to $1.9M, net loss $2.0M; Nasdaq delisting notice
Revenue fell 64% YoY to $1.9M; gross margin improved to 15% vs 9.2%.
Blue Star Foods receives Nasdaq delisting notice; appeals and shareholders approve reverse split
Nasdaq notified Blue Star on May 17, 2023 it failed to meet minimum bid price requirement and is ineligible for a second 180-day cure period.
Blue Star Foods enters $10M ELOC with ClearThink; issues 1.25M commitment shares
ClearThink agrees to buy up to $10M of Blue Star common stock at 80% of two lowest VWAPs over 6-day valuation period.
Blue Star Foods stockholders approve reverse split and new $1.2M convertible note with Lind
Stockholders approved reverse stock split (ratio 1:2 to 1:50, exact ratio set by board).
Blue Star Foods FY2022 revenue $12.8M (+28% YoY); net loss $13.2M on $9.7M impairment
Revenue $12.8M (+28% YoY), ahead of preliminary $12.0M; RAS revenue $1.4M.
Blue Star Foods reports preliminary FY2022 revenue of ~$12M, up 20% YoY
Preliminary full-year 2022 revenue of approximately $12.0 million, a 20% increase year-over-year.
Blue Star Foods raises $1.8M in underwritten public offering of common stock and pre-funded warrants
Offering of 9M shares/pre-funded warrants priced at $0.20 per equivalent; Aegis Capital sole underwriter.
Blue Star Foods signs supply deal with Just Food For Dogs worth up to $4M annually
Supply agreement for 1,150 tons (2.5M lbs) of wild caught cod per year; auto-renewal.
Blue Star Foods receives Nasdaq delisting notice for bid price below $1.00
Notice received November 17, 2022 for non-compliance with Nasdaq Listing Rule 5550(a)(2).
Blue Star Foods Q3 revenue down 35% YoY to $2.4M; net loss widens to $3.7M
Q3 2022 revenue $2.4M vs $3.7M a year ago; gross loss of $1.5M vs gross profit of $0.7M.
Blue Star Foods Q2 rev $3.0M (+39%), net loss $1.4M; soft-shell crab RAS adds $0.5M
Revenue $3.0M (+39% YoY); H1 revenue $8.3M (+79% YoY).
Blue Star Foods secures $5.75M convertible note and warrant with Lind Global Fund II
$5.75M secured convertible note, interest-free, 2-year term; 18 monthly payments of $333,333 starting July 2022.
Blue Star Foods prices $4M public offering, begins trading on Nasdaq under BSFC
Offering of 800,000 shares at $5.00 per share; gross proceeds $4.0M, net ~$3.545M.
Blue Star Foods raises $427K via share and warrant sale; forms board committees
Sold 213,500 shares at $2.00 for gross proceeds of $427,000; issued warrants to purchase 213,500 shares at $2.00 for 3 years.
On July 31, 2023, Juan Carlos Dalto tendered his resignation as a member of the board of directors of Blue Star Foods Corp. (the “Company”), effective immediately.
effective as of April 20, 2022, Silva Alana and Juan Carlos Dalto were appointed directors to fill the vacancies created by such increase.
effective as of April 20, 2022, Silva Alana and Juan Carlos Dalto were appointed directors to fill the vacancies created by such increase.
appointed Miozotis Ponce as Chief Operating Officer of the Company.
Max materiality 0.85 · Median 0.60 · Most common event other_material