Blue Star Foods Regains Compliance with NASDAQ Minimum Bid Price Requirement
July 13 2023 - 8:30AM
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),
today announced that it has received a formal notice from The
Nasdaq Stock Market (“Nasdaq”) stating that Blue Star Foods has
regained compliance with the $1.00 per share minimum bid price
requirement pursuant to Nasdaq Listing Rule 5550(a)(2) (the
“Minimum Bid Price Requirement”), and granted extension requested
for the equity requirement in listing rule 5550 (b)(1) (the “Equity
Rule”). The Company is in compliance with all other applicable
listing standards.
On July 11, 2023, the Company received a written
notification from the Listing Qualifications Department of Nasdaq
indicating that, as of July 11, 2023, the Company had regained
compliance with the Minimum Bid Price Requirement. & the Panel
considered the entire plan the company presented; memorandum
prepared by NASDAQ staff & the Company’s Public filings and
granted the Company’s request for an extension for the equity
requirement rule, as well as granting the company’s request for
continue listing on The Nasdaq Capital Market.
Blue Star’s stock continues to be listed and
traded on The Nasdaq Capital Market.
About Blue Star Foods
Corp.
(NASDAQ:
BSFC)
Blue Star Foods Corp. an integrated
Environmental, Social, and Governance (ESG) sustainable seafood
company with a focus on Recirculatory Aquaculture Systems (RAS)
that processes, packages and sells high-value seafood products. The
Company believes it utilizes best-in-class technology, in both
resource sustainability management and traceability, and ecological
packaging. The Company also owns and operates the oldest
continuously operating Recirculating Aquaculture System (RAS) full
grow-out salmon farm in North America. The company is based in
Miami, Florida, and its corporate website is:
https://bluestarfoods.com
Forward-Looking
Statements:
The foregoing material may contain
“forward-looking statements” within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, each as amended. Forward-looking statements
include all statements that do not relate solely to historical or
current facts, including without limitation statements regarding
the Company’s product development and business prospects, and can
be identified by the use of words such as “may,” “will,” “expect,”
“project,” “estimate,” “anticipate,” “plan,” “believe,”
“potential,” “should,” “continue” or the negative versions of those
words or other comparable words. Forward-looking statements are not
guarantees of future actions or performance. These forward-looking
statements are based on information currently available to the
Company and its current plans or expectations and are subject to a
number of risks and uncertainties that could significantly affect
current plans. Risks concerning the Company’s business are
described in detail in the Company’s Annual Report on Form 10-K for
the year ended December 31, 2021, and other periodic and current
reports filed with the Securities and Exchange Commission. The
Company is under no obligation to, and expressly disclaims any such
obligation to, update or alter its forward-looking statements,
whether as a result of new information, future events or
otherwise.
Investor
Contacts:investors@bluestarfoods.com
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