Blue Star Foods Corp. announced that it expects to receive $10.2 million in funding from ClearThink Capital Partners, LLC

Blue Star Foods Corp. announced that it has entered into ELOC and securities purchase agreement with new investor, ClearThink Capital Partners, LLC to issue restricted common shares for gross proceeds up to of $10,000,000 and $200,000 for aggregate gross proceeds of $10,200,000 on May 16, 2023. Each purchase under the agreement will be in a minimum amount of $25,000 and a maximum amount equal to the lesser of $1,000,000 and 300% of the average daily trading value of the common stock over the ten days preceding the request notice date.

Pursuant to the agreement, the company agreed to issue to ClearThink 1,250,000 restricted shares of the company's common stock as a Commitment Fee. The investor has agreed to purchase an aggregate of 1,000,000 shares for a total purchase price of $200,000 in four closings. The first closing shall occur on or about the execution date of the SPA and the second, third, and fourth closings shall be within 60 days after the first closing.