Blue Star Foods Corp. announced on December 19, 2024, that it received formal notice from The Nasdaq Stock Market LLC regarding the delisting of its securities. The delisting was based on the company’s violation of Listing Rule 5550(a)(2), the 'Minimum Bid Price Requirement'.
The company decided not to appeal the delisting determination. Trading of Blue Star Foods Corp. shares commenced on OTC Markets on Friday, December 20, 2024, under its current symbol BSFC.
Chairman and CEO John Keeler stated that the delisting does not reflect on the company's operations, asserting that nothing has changed and that the company has returned to revenue growth with a strong cash position. The move to OTC Markets was presented with some perceived positives by the company.
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