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].
Blue Star Foods Moves its Listing to OTC Markets under its current symbol BSFC