UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission file number: 001-40991 BLUE STAR FOODS CORP. (305) 836-6858 (Registrant's telephone number, including area code) Securitie ...

Expected to Drive Incremental and Meaningful Sales Growth Miami, FL, March 24, 2025 (GLOBE NEWSWIRE) -- Blue Star Foods Corp., (“Blue Star,” the “Company,” “we,” “our” or “us”) (OTCQB: BSFC), an integrated Environmental, Social, and Governance (ESG) sustainable seafood company with a focus on Recirculatory Aquaculture Systems (RAS), today announced it recently added an Asian Food Division with a focus on high value sushi categories. Since February 1, 2025, the Company launched and commercialized under the B ...

Miami, FL, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Blue Star Foods Corp., ("Blue Star," the "Company," "we," "our" or "us") (OTCQB: BSFC), a leading sustainable seafood company with a focus on Recirculatory Aquaculture Systems (RAS), is pleased to announce its recent inclusion on the OTC Markets Group's OTCQB Venture Market. This strategic move underscores Blue Star Foods' commitment to enhancing its transparency and accessibility in the financial markets, further solidifying its position as a trusted industry le ...

Core Viewpoint - Blue Star Foods Corp. will be delisted from Nasdaq due to a violation of the Minimum Bid Price Requirement and will commence trading on OTC Markets on December 20, 2024 [2][3]. Company Overview - Blue Star Foods Corp. is an integrated Environmental, Social, and Governance (ESG) sustainable seafood company focused on Recirculatory Aquaculture Systems (RAS) [4]. - The company processes, packages, and sells high-value seafood products and operates the oldest continuously operating RAS full grow-out salmon farm in North America [4]. Financial Position - The company has returned to revenue growth and maintains a strong cash position, as stated by the Chairman and CEO [3]. - The decision not to appeal the delisting is seen as a positive move, allowing the company to lower public company costs and avoid an immediate reverse split [3]. Future Plans - Blue Star Foods intends to apply for listing on the OTCQB as soon as practicable [3].

Revenue and Profitability - Revenue for the three months ended September 30, 2024 decreased 43.4% to $884,283 compared to $1,561,679 for the same period in 2023 due to a decrease in poundage sold[50] - Revenue for the nine months ended September 30, 2024 decreased 3.8% to $4,921,170 compared to $5,115,680 for the same period in 2023, also due to a decrease in poundage sold[52] - Gross profit for the nine months ended September 30, 2024 increased to $461,712 from $340,578 for the same period in 2023, attributed to a decrease in costs[52] - Net loss for the three months ended September 30, 2024 was $1,325,147, an increase from a net loss of $445,813 for the same period in 2023, primarily due to changes in fair value of derivative and warrant liabilities[51] Expenses and Cash Flow - Cost of goods sold for the three months ended September 30, 2024 decreased to $887,850 from $1,586,478 for the same period in 2023, attributed to the decrease in poundage sold[50] - Other operating expense increased to $2,026,787 for the nine months ended September 30, 2024 from $1,773,702 for the same period in 2023, mainly due to increased legal and professional expenses[53] - Cash used in operating activities during the nine months ended September 30, 2024 was $4,285,630, an increase from $3,112,126 for the same period in 2023, primarily due to a decrease in payables and customer refunds[54] Financing Activities - Cash provided by financing activities for the nine months ended September 30, 2024 was $4,350,018, compared to $3,667,373 for the same period in 2023, mainly due to proceeds from short-term loans and share issuances[54] - The Company issued a secured, two-year, interest-free convertible promissory note to Lind for $1,200,000 and a warrant to purchase 435,035 shares at an exercise price of $2.45 per share[56] - The Company made aggregate principal payments on the Lind Note of $1,144,900 through the issuance of 571,531 shares of common stock during the nine months ended September 30, 2024[56] - The Company entered into a Purchase Agreement Amendment allowing for the issuance of further senior convertible promissory notes up to $1,800,000[56] - The Company issued an additional convertible promissory note of $300,000 and a warrant for 175,234 shares for an aggregate amount of $250,000[56] Liquidity and Capital Resources - As of September 30, 2024, the company had cash of $72,697 and a working capital surplus of $2,527,851, with primary liquidity sources including inventory of $2,366,056 and accounts receivable of $1,316,093[54] Internal Controls and Management - Management identified material weaknesses in internal controls, including inadequate inventory monitoring and ineffective financial close processes[60] - Management plans to create a position to segregate duties and hire personnel with technical accounting expertise to address identified weaknesses[61] Legal Proceedings and Other Matters - There were no material pending legal proceedings involving the Company or its affiliates[62] - The Company has no off-balance sheet arrangements[57] - The Company issued an aggregate of 93,743 shares of common stock for consulting services from January 1, 2024, to November 8, 2024[63] Business Development - The company entered into a vendor agreement with Low Tide LLC to promote and sell seafood products under the Wicked Tuna and Toby Keith brands[48]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Commission file number: 001-40991 BLUE ST ...

This has more than 10 million shares of BSFC stock changing hands as of this writing. That's already well above its daily average trading volume of about 1.1 million shares. It's also above the company's float of 900,930 units. What is worth keeping in mind is BSFC's status as a penny stock. This comes from its prior closing price of $1.68 and its market capitalization of $1.769 million. Being a penny stock comes with the risk of additional volatility. This can be due to speculative traders buying the share ...

Miami, FL, July 08, 2024 (GLOBE NEWSWIRE) -- Blue Star Foods Corp., ("Blue Star," the "Company," "we," "our" or "us") (NASDAQ: BSFC), an integrated Environmental, Social, and Governance (ESG) sustainable seafood company with a focus on Recirculatory Aquaculture Systems (RAS), that its looking to improve its soft-shell crab operations by introducing cutting-edge technology that combines Artificial Intelligence (AI) with Ultraviolet (UV) light technology to revolutionize the industry's standard molting crab i ...

Seeing Accelerated Revenue Growth from Current and New Opportunities "We are excited to showcase our commitment to company growth in 2024. Our actionable plan started to show in our financial and operating results, as reflected in our recently reported first quarter 2024 report with 19% revenue increase versus first quarter 2023. We believe this is the beginning as new customers segment are ramping the business and land-based farm operating within expectations. The pipeline for additional business is robust ...

Miami, FL, June 25, 2024 (GLOBE NEWSWIRE) -- Blue Star Foods Corp., ("Blue Star," the "Company," "we," "our" or "us") (NASDAQ: BSFC), an integrated Environmental, Social, and Governance (ESG) sustainable seafood company with a focus on Recirculatory Aquaculture Systems (RAS), is pleased to announce that it has been granted an extension renewal for the land-based aquaculture license thru 2033. All parts of this license are issued under the authority of the Fisheries Act and confer, subject to provisions of t ...