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.
藍星食品將在12月20日轉至場外交易市場，因納斯達克因最低買盤價違規而退市。
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.
藍星食品公司宣佈，由於違反了上市規則5550(a)(2)中規定的最低買盤價要求，其證券將從納斯達克退市。公司決定不對此決定提出上訴，並將於2024年12月20日開始在場外交易市場交易。首席執行官約翰·基勒表示，此次退市並不反映任何操作變動，並強調公司已經恢復營業收入增長，現金狀況良好。在場外交易市場上市將降低上市公司成本，並消除與納斯達克合規相關的立即反向拆股的需求。藍星計劃儘快申請在OTCQb上市，繼續專注於通過循環水產養殖系統實現可持續海鮮業務。
Potential Positives
潛在的積極因素
- 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.
- 轉向場外交易市場可能會降低藍星食品的上市公司成本。
- 由於消除了納斯達克上市標準，目前沒有反向拆股的直接計劃。
- 公司計劃申請OTCQb上市，這可能增強其在市場上的可見性和信譽。
- 藍星食品強調其運營表現仍然強勁，提到營業收入回升及良好的現金狀況。
Potential Negatives
潛在負面因素
- 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.
- 收到納斯達克的正式退市通知表明合規方面存在嚴重問題，損害了公司在投資者中的聲譽。
- 決定不對退市決定提出上訴可能表明對公司解決導致退市的根本問題的能力缺乏信心。
- 轉向場外交易市場通常會導致可見度下降和交易量減少，這可能限制投資者的興趣和流動性。
FAQ
常見問題
Why is Blue Star Foods trading on OTC Markets now?
爲什麼藍星食品現在在場外交易市場交易？
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.
由於違反最低買盤價格要求，藍星食品的證券將從納斯達克退市，導致在場外交易市場交易。
What does the delisting from Nasdaq mean for Blue Star Foods?
從納斯達克退市對藍星食品意味着什麼？
The delisting does not reflect operational changes; the company maintains a positive cash position and has returned to revenue growth.
退市並不反映經營變化；公司保持良好的現金狀況，並已恢復營業收入增長。
What are the benefits of trading on OTC Markets?
在場外交易市場交易有哪些好處？
Being listed on OTC Markets lowers public company costs and eliminates the immediate need for a reverse stock split.
在場外交易市場上市可以降低上市公司的成本，並消除對反向股票拆分的即時需求。
What plans does Blue Star Foods have for OTC Markets?
藍星食品對場外交易市場有什麼計劃？
The company intends to apply for listing on OTCQB as soon as practicable after beginning trading on OTC Markets.
公司打算在開始在場外交易市場交易後儘快申請在OTCQb上市。
How has Blue Star Foods performed recently?
藍星食品最近的表現如何？
Blue Star Foods has returned to revenue growth, indicating positive operational progress despite the Nasdaq delisting.
藍星食品已恢復營業收入增長，儘管納斯達克退市，但經營進展積極。
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.
免責聲明：這是由GlobeNewswire分發的新聞稿的人工智能生成摘要。用於總結這份稿件的模型可能會出錯。請在這裏查看完整發佈。
$BSFC Hedge Fund Activity
$BSFC對沖基金活動
We have seen 0 institutional investors add shares of $BSFC stock to their portfolio, and 11 decrease their positions in their most recent quarter.
我們看到0家機構投資者在最近的季度中向他們的投資組合添加了$BSFC股票，而11家減少了他們的持倉。
Here are some of the largest recent moves:
以下是最近的一些重大變動：
- 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
- 瑞銀集團在2024年第二季度從他們的投資組合中移除了230,340股（-100.0%）。
- Susquehanna國際集團在2024年第二季度從他們的投資組合中移除了96,703股（-100.0%）。
- Two Sigma證券在2024年第二季度從他們的投資組合中移除了73,838股（-100.0%）。
- Citadel Advisors在2024年第二季度從他們的投資組合中移除了67,290股（-100.0%）。
- Geode Capital Management在2024年第二季度從他們的投資組合中移除了65,202股（-100.0%）。
- HRt FINANCIAL LP 在2024年第二季度從其投資組合中減持了26,072股（-100.0%）
- CUBISt SYSTEMATIC STRATEGIES, LLC 在2024年第二季度從其投資組合中減持了19,511股（-100.0%）
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
要跟蹤對沖基金的股票投資組合，請查看Quiver Quantitative的機構持有情況儀表。
Full Release
完整發佈
Will Commence Trading on OTC Markets on Friday, December 20
將於2024年12月20日星期五在場外交易市場開始交易
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.
佛羅里達州邁阿密，2024年12月19日（GLOBE NEWSWIRE）-- 藍星食品公司（"藍星"，"公司"，"我們"，"我們的"或"我們"）（納斯達克：
BSFC
)
一家集成了環保母基、社會責任和治理（ESG）的可持續海產品公司，專注於循環水養殖系統（RAS），今天宣佈收到納斯達克證券市場有限責任公司的正式通知，告知其證券將從納斯達克退市。該公司決定不對退市決定提出上訴，退市決定是基於公司違反了上市規則5550(a)(2)，即「最低買盤價要求」，並將於12月20日（星期五）開始在場外交易市場交易。
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董事長兼首席執行官約翰·基勒評論道："這並沒有反映我們的運營，什麼都沒有改變，我們已經恢復了營業收入增長，目前的現金狀況很好。"
Keeler, continued, "in deciding to not appeal the Nasdaq delisting notice, we realized some positives by listing in OTC Markets:
基勒繼續說道："在決定不對納斯達克退市通知提出上訴時，我們意識到在場外交易市場上市的一些積極因素：
-
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.
-
降低我們的上市公司成本
-
不再需要遵守納斯達克上市標準，因此沒有立即進行反向拆股的計劃
-
我們打算儘快申請在OTCQb上市我們的證券。
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:
關於藍星食品公司（納斯達克：
BSFC
)
藍星食品公司是一家綜合性的環保、社會和治理（ESG）可持續海鮮公司，專注於循環水養殖系統（RAS），處理、包裝和銷售高價值的海鮮產品。該公司相信它利用了最先進的科技，涉及資源可持續管理、可追溯性和生態包裝。該公司還擁有並運營北美最古老的連續運營的循環水養殖系統（RAS）全生長三文魚養殖場。公司位於佛羅里達州邁阿密，企業網站是：
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.
前瞻性聲明：
上述材料可能包含根據1933年證券法第27A條和1934年證券交易法第21E條（均已修訂）所定義的「前瞻性聲明」。前瞻性聲明包括所有不單純涉及歷史或當前事實的聲明，包括但不限於有關公司產品開發和業務前景的聲明，並可以通過使用「可能」、「將」、「期望」、「項目」、「估計」、「預期」、「計劃」、「相信」、「潛力」、「應該」、「繼續」或這些詞的否定形式或其他類似詞彙來識別。前瞻性聲明並不是對未來行動或表現的保證。這些前瞻性聲明基於公司當前可用的信息以及其當前的計劃或預期，並受到多種風險和不確定性的影響，這些風險可能會顯著影響當前計劃。有關公司業務的風險在公司截至2023年12月31日的10-K表年度報告以及向證券交易委員會提交的其他定期和當前報告中進行了詳細描述。公司沒有義務，並明確拒絕任何更新或更改其前瞻性聲明的義務，無論是因新信息、未來事件或其他原因。
Investor Contacts:
investors@bluestarfoods.com
投資者聯繫方式：
investors@bluestarfoods.com
