Blue Star Foods Corp. announced on November 26, 2024, a stock buyback program authorizing the repurchase of up to $1.5 million of its common stock. The repurchases will occur from time to time in the open market, with timing and amount dependent on various factors including price and market conditions.
Chairman and CEO John Keeler stated that the program reflects confidence in the strong and growing business of Blue Star Foods. He also expressed a belief that the company's stock is significantly undervalued.
The buyback program does not obligate the company to repurchase any specific number of shares and may be suspended, modified, or discontinued at any time without prior notice. This initiative represents a direct action to return value to shareholders.
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