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Blue Star Foods withdraws public offering, registration statement

Blue Star Foods Corp. is no longer pursuing its public offering and is asking the Securities and Exchange Commission (SEC) consent to withdraw its registration statement.

This comes about a month after the company’s dispute on claims of rent delinquency with the former Taste of B.C. owner, Steve Atkinson.

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 statement, a press release from the company states.

“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,” said John Keeler, chairman and CEO of Blue Star Foods.

Blue Star believes this request serves to protect its shareholders’ investment and will not impact its core business operations.

“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,” the company stated in the press release.

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