Blue Star Foods Corp. filed a Form 8-K on October 5, 2026, announcing a material modification to its security holders' rights. The company has filed a Certificate of Amendment with the Secretary of State of Delaware to effect a reverse stock split of its common stock.
The reverse split has a ratio of one-for-1,600. This means that for every 1,600 shares of common stock held immediately prior to the effective time, a stockholder will receive one share. The split is effective under Delaware law at 12:01 a.m., Eastern Time, on October 8, 2026.
According to the filing, the company’s pre-split total shares outstanding were 171,980,101. Following the split, the total shares outstanding are expected to be 107,488, after accounting for the treatment of fractional shares. The company stated that no fractional shares will be issued; instead, holders entitled to a fractional share will receive one whole share in lieu of the fractional amount.
The par value of the common stock will remain $0.0001 per share. The reverse split will not alter any stockholder’s percentage ownership interest in the company, except for the fractional share treatment. The company’s authorized capital stock remains unchanged, consisting of 5,000,000,000 shares of common stock and 5,000,000 shares of preferred stock.
The company expects its common stock to begin trading on a reverse split-adjusted basis in the over-the-counter market on October 8, 2026. The trading symbol “BSFC” is expected to continue, subject to any temporary designations by FINRA. The current CUSIP number, 09606H309, will be suspended on the effective date, and the new CUSIP number for the post-split common stock will be 09606H507.
The reverse split ratio was selected by the Board of Directors on August 14, 2026, pursuant to authority previously approved by the company’s stockholders. The Board considered factors including the company’s capital structure, trading price, and marketability of the common stock.
