Blue Star Foods Secures Additional Non-Dilutive Growth Capital to Support Expansion of Business Under Existing Master Service Agreement & Soft Shell Crab Operations
On April 16, 2024 Blue Star entered into a securities purchase agreement with an accredited investor pursuant to which Blue Star issued a promissory note in the principal amount of $300,000 and 500,000 shares of its restricted common stock.
- On April 16, 2024 Blue Star entered into a securities purchase agreement with an accredited investor pursuant to which Blue Star issued a promissory note in the principal amount of $300,000 and 500,000 shares of its restricted common stock.
- The promissory note is due May 15, 2024 and can be extended up to 90 days.
- On the same date, Blue Star also issued a convertible promissory note to an institutional investor, in the principal amount of $138,000.
- Our efforts call for increased working capital support, which we have initially secured through promissory notes.