Blue Star Foods Corp. announced that it has entered into a securities purchase agreement with an accredited investor to issue a convertible promissory note in the principal amount of $300,000 at a price of $250,000 for the gross proceeds of $250,000 and 500,000 shares of its restricted common stock for the gross proceeds of $250,000 on April 16, 2024. The promissory note is due May 15, 2024 and can be extended up to 90 days.

The note is convertible in the event of default and has a conversion price of 61% multiplied by the Market Price.