Blue Star Foods Corp. to Begin Trading on OTC Markets Following Nasdaq Delisting
Blue Star Foods Corp. to Begin Trading on OTC Markets Following Nasdaq Delisting
The delisting does not reflect operational changes; the company maintains a positive cash position and has returned to revenue growth.Blue Star Foods will move to OTC Markets on December 20 following Nasdaq delisting for minimum bid price violations.
蓝星食品将在12月20日转至场外交易市场，因纳斯达克因最低买盘价违规而退市。
Quiver AI Summary
Quiver AI 概要
Blue Star Foods Corp. announced that its securities will be delisted from Nasdaq due to a violation of the Minimum Bid Price Requirement, as outlined in Listing Rule 5550(a)(2). The company decided not to appeal this decision and will commence trading on OTC Markets starting December 20, 2024. CEO John Keeler stated that this delisting does not reflect any operational changes and highlighted that the company has returned to revenue growth with a strong cash position. Listing on OTC Markets will reduce public company costs and eliminate the immediate need for a reverse split associated with Nasdaq compliance. Blue Star plans to apply for listing on OTCQB as soon as possible, continuing its focus on sustainable seafood through Recirculatory Aquaculture Systems.
蓝星食品公司宣布，由于违反了上市规则5550(a)(2)中规定的最低买盘价要求，其证券将从纳斯达克退市。公司决定不对此决定提出上诉，并将于2024年12月20日开始在场外交易市场交易。首席执行官约翰·基勒表示，此次退市并不反映任何操作变动，并强调公司已经恢复营业收入增长，现金状况良好。在场外交易市场上市将降低上市公司成本，并消除与纳斯达克合规相关的立即反向拆股的需求。蓝星计划尽快申请在OTCQb上市，继续专注于通过循环水产养殖系统实现可持续海鲜业务。
Potential Positives
潜在的积极因素
- Transitioning to OTC Markets could lower public company costs for Blue Star Foods.
- There are no immediate plans for a reverse split due to the elimination of Nasdaq listing standards.
- The company plans to apply for an OTCQB listing, which could enhance visibility and credibility in the market.
- Blue Star Foods emphasizes that its operational performance remains strong, citing a return to revenue growth and a solid cash position.
- 转向场外交易市场可能会降低蓝星食品的上市公司成本。
- 由于消除了纳斯达克上市标准，目前没有反向拆股的直接计划。
- 公司计划申请OTCQb上市，这可能增强其在市场上的可见性和信誉。
- 蓝星食品强调其运营表现仍然强劲，提到营业收入回升及良好的现金状况。
Potential Negatives
潜在负面因素
- Receiving a formal notice of delisting from Nasdaq indicates serious issues with compliance, damaging the company's reputation with investors.
- Deciding not to appeal the delisting decision may signal a lack of confidence in the company's ability to address the underlying issues that led to the delisting.
- Transitioning to OTC Markets typically results in decreased visibility and lower trading volumes, which can limit investor interest and liquidity.
- 收到纳斯达克的正式退市通知表明合规方面存在严重问题，损害了公司在投资者中的声誉。
- 决定不对退市决定提出上诉可能表明对公司解决导致退市的根本问题的能力缺乏信心。
- 转向场外交易市场通常会导致可见度下降和交易量减少，这可能限制投资者的兴趣和流动性。
FAQ
常见问题
Why is Blue Star Foods trading on OTC Markets now?
为什么蓝星食品现在在场外交易市场交易？
Blue Star Foods' securities will be delisted from Nasdaq due to a violation of the Minimum Bid Price Requirement, leading to trading on OTC Markets.
由于违反最低买盘价格要求，蓝星食品的证券将从纳斯达克退市，导致在场外交易市场交易。
What does the delisting from Nasdaq mean for Blue Star Foods?
从纳斯达克退市对蓝星食品意味着什么？
The delisting does not reflect operational changes; the company maintains a positive cash position and has returned to revenue growth.
退市并不反映经营变化；公司保持良好的现金状况，并已恢复营业收入增长。
What are the benefits of trading on OTC Markets?
在场外交易市场交易有哪些好处？
Being listed on OTC Markets lowers public company costs and eliminates the immediate need for a reverse stock split.
在场外交易市场上市可以降低上市公司的成本，并消除对反向股票拆分的即时需求。
What plans does Blue Star Foods have for OTC Markets?
蓝星食品对场外交易市场有什么计划？
The company intends to apply for listing on OTCQB as soon as practicable after beginning trading on OTC Markets.
公司打算在开始在场外交易市场交易后尽快申请在OTCQb上市。
How has Blue Star Foods performed recently?
蓝星食品最近的表现如何？
Blue Star Foods has returned to revenue growth, indicating positive operational progress despite the Nasdaq delisting.
蓝星食品已恢复营业收入增长，尽管纳斯达克退市，但经营进展积极。
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
免责声明：这是由GlobeNewswire分发的新闻稿的人工智能生成摘要。用于总结这份稿件的模型可能会出错。请在这里查看完整发布。
$BSFC Hedge Fund Activity
$BSFC对冲基金活动
We have seen 0 institutional investors add shares of $BSFC stock to their portfolio, and 11 decrease their positions in their most recent quarter.
我们看到0家机构投资者在最近的季度中向他们的投资组合添加了$BSFC股票，而11家减少了他们的持仓。
Here are some of the largest recent moves:
以下是最近的一些重大变动：
- UBS GROUP AG removed 230,340 shares (-100.0%) from their portfolio in Q2 2024
- SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 96,703 shares (-100.0%) from their portfolio in Q2 2024
- TWO SIGMA SECURITIES, LLC removed 73,838 shares (-100.0%) from their portfolio in Q2 2024
- CITADEL ADVISORS LLC removed 67,290 shares (-100.0%) from their portfolio in Q2 2024
- GEODE CAPITAL MANAGEMENT, LLC removed 65,202 shares (-100.0%) from their portfolio in Q2 2024
- HRT FINANCIAL LP removed 26,072 shares (-100.0%) from their portfolio in Q2 2024
- CUBIST SYSTEMATIC STRATEGIES, LLC removed 19,511 shares (-100.0%) from their portfolio in Q2 2024
- 瑞银集团在2024年第二季度从他们的投资组合中移除了230,340股（-100.0%）。
- Susquehanna国际集团在2024年第二季度从他们的投资组合中移除了96,703股（-100.0%）。
- Two Sigma证券在2024年第二季度从他们的投资组合中移除了73,838股（-100.0%）。
- Citadel Advisors在2024年第二季度从他们的投资组合中移除了67,290股（-100.0%）。
- Geode Capital Management在2024年第二季度从他们的投资组合中移除了65,202股（-100.0%）。
- HRt FINANCIAL LP 在2024年第二季度从其投资组合中减持了26,072股（-100.0%）
- CUBISt SYSTEMATIC STRATEGIES, LLC 在2024年第二季度从其投资组合中减持了19,511股（-100.0%）
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
要跟踪对冲基金的股票投资组合，请查看Quiver Quantitative的机构持有情况仪表。
Full Release
完整发布
Will Commence Trading on OTC Markets on Friday, December 20
将于2024年12月20日星期五在场外交易市场开始交易
Miami, FL, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Blue Star Foods Corp., ("Blue Star," the "Company," "we," "our" or "us") (NASDAQ:
BSFC
)
, an integrated Environmental, Social, and Governance (ESG) sustainable seafood company with a focus on Recirculatory Aquaculture Systems (RAS), today announced that it received formal notice from The Nasdaq Stock Market LLC that its securities will be delisted from Nasdaq. The Company has decided not to appeal its delisting determination, which was based on the Company's violation of Listing Rule 5550(a)(2), the "Minimum Bid Price Requirement" and will begin trading on OTC Markets on Friday, December 20.
佛罗里达州迈阿密，2024年12月19日（GLOBE NEWSWIRE）-- 蓝星食品公司（"蓝星"，"公司"，"我们"，"我们的"或"我们"）（纳斯达克：
BSFC
)
一家集成了环保母基、社会责任和治理（ESG）的可持续海产品公司，专注于循环水养殖系统（RAS），今天宣布收到纳斯达克证券市场有限责任公司的正式通知，告知其证券将从纳斯达克退市。该公司决定不对退市决定提出上诉，退市决定是基于公司违反了上市规则5550(a)(2)，即“最低买盘价要求”，并将于12月20日（星期五）开始在场外交易市场交易。
John Keeler, Chairman and CEO of Blue Star Foods, commented, "this by no means has any reflection on our operations, nothing has changed and we have returned to revenue growth and our current cash position is in a very good place."
Blue Star Foods董事长兼首席执行官约翰·基勒评论道："这并没有反映我们的运营，什么都没有改变，我们已经恢复了营业收入增长，目前的现金状况很好。"
Keeler, continued, "in deciding to not appeal the Nasdaq delisting notice, we realized some positives by listing in OTC Markets:
基勒继续说道："在决定不对纳斯达克退市通知提出上诉时，我们意识到在场外交易市场上市的一些积极因素：
-
Lowers our public company costs
-
No immediate plans for reverse split as no longer needed to comply with Nasdaq listing standards
-
We intend to apply to list our securities on the OTCQB as soon as practicable.
-
降低我们的上市公司成本
-
不再需要遵守纳斯达克上市标准，因此没有立即进行反向拆股的计划
-
我们打算尽快申请在OTCQb上市我们的证券。
About Blue Star Foods Corp. (NASDAQ:
BSFC
)
Blue Star Foods Corp. an integrated Environmental, Social, and Governance (ESG) sustainable seafood company with a focus on Recirculatory Aquaculture Systems (RAS) that processes, packages and sells high-value seafood products. The Company believes it utilizes best-in-class technology, in both resource sustainability management and traceability, and ecological packaging. The Company also owns and operates the oldest continuously operating Recirculating Aquaculture System (RAS) full grow-out salmon farm in North America. The company is based in Miami, Florida, and its corporate website is:
关于蓝星食品公司（纳斯达克：
BSFC
)
蓝星食品公司是一家综合性的环保、社会和治理（ESG）可持续海鲜公司，专注于循环水养殖系统（RAS），处理、包装和销售高价值的海鲜产品。该公司相信它利用了最先进的科技，涉及资源可持续管理、可追溯性和生态包装。该公司还拥有并运营北美最古老的连续运营的循环水养殖系统（RAS）全生长三文鱼养殖场。公司位于佛罗里达州迈阿密，企业网站是：
Forward-Looking Statements:
The foregoing material may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. Forward-looking statements include all statements that do not relate solely to historical or current facts, including without limitation statements regarding the Company's product development and business prospects, and can be identified by the use of words such as "may," "will," "expect," "project," "estimate," "anticipate," "plan," "believe," "potential," "should," "continue" or the negative versions of those words or other comparable words. Forward-looking statements are not guarantees of future actions or performance. These forward-looking statements are based on information currently available to the Company and its current plans or expectations and are subject to a number of risks and uncertainties that could significantly affect current plans. Risks concerning the Company's business are described in detail in the Company's Annual Report on Form 10-K for the year ended December 31, 2023, and other periodic and current reports filed with the Securities and Exchange Commission. The Company is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
前瞻性声明：
上述材料可能包含根据1933年证券法第27A条和1934年证券交易法第21E条（均已修订）所定义的“前瞻性声明”。前瞻性声明包括所有不单纯涉及历史或当前事实的声明，包括但不限于有关公司产品开发和业务前景的声明，并可以通过使用“可能”、“将”、“期望”、“项目”、“估计”、“预期”、“计划”、“相信”、“潜力”、“应该”、“继续”或这些词的否定形式或其他类似词汇来识别。前瞻性声明并不是对未来行动或表现的保证。这些前瞻性声明基于公司当前可用的信息以及其当前的计划或预期，并受到多种风险和不确定性的影响，这些风险可能会显著影响当前计划。有关公司业务的风险在公司截至2023年12月31日的10-K表年度报告以及向证券交易委员会提交的其他定期和当前报告中进行了详细描述。公司没有义务，并明确拒绝任何更新或更改其前瞻性声明的义务，无论是因新信息、未来事件或其他原因。
Investor Contacts:
investors@bluestarfoods.com
投资者联系方式：
investors@bluestarfoods.com
