Blue Star Foods Submits Request for Withdrawal of Registration Statement on Form S-1
August 16 2024 - 9:15AM
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), requested that the Securities and Exchange Commission
("SEC") consent to the withdrawal of our Registration Statement on
Form S-1 (No. 333-281270) originally filed on August 6, 2024, as we
no longer intend to pursue our public offering at this time.
We believe this is in the best interests of our shareholders and
investors.
The Registration Statement has not been
declared effective by the SEC, and no securities have been sold in
connection with the offering described in the Registration
Statement.
We believe that this request serves to
protect the investments of our shareholders. Shareholder’s trust
and support are invaluable to us, and we are committed to making
decisions that uphold our shareholder interests and support the
long-term growth of our business.
John Keeler, Chairman and CEO of Blue Star
Foods, commented, “We do not believe our current market
capitalization accurately reflects the true value of our Company.
This decision was made after thorough analysis and careful
consideration of our financial standing and market conditions. We
are dedicated to reassessing our strategy to ensure that it aligns
with our shareholder interests and the growth of our business.
Shareholders’ continued support and belief in Blue Star Foods Corp.
mean the world to us. We look forward to creating long-term value
together.”
We believe that this decision will not
impact our core business operations or our strategic objectives. We
remain confident in our business model and sales growth trend.
We guarantee that our request that an
order granting the withdrawal of the Registration Statement will be
issued by the Commission.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy the Company’s common
stock or any securities, and there shall not be any offer,
solicitation or sale of securities mentioned in the press release
in any state or jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities law of such any state or jurisdiction.
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, 2023, 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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