Blue Star Foods : Material Event - Form 8-K

Item 8.01 Other Events.

As previously reported on a Current Report on Form 8-K filed on December 1, 2023, Blue Star Foods Corp., (the "Company") received a notice letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that, based on the Company's stockholders' equity of $482,294 as reported in the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2023 as filed with the Securities and Exchange Commission, the Company is no longer in compliance with the minimum stockholders' equity requirement for continued inclusion on the Nasdaq Capital Market under Nasdaq Listing Rule 5550(b)(1) (the "Stockholders' Equity Requirement"), which matter serves as a basis for delisting the Company's securities from Nasdaq.

The Company believes that its current shareholders equity figure meets Nasdaq continued listing standards following the recent conversion of certain non-cash liabilities to equity.

On December 4, 2023, the Company requested a hearing with the Hearings Panel (the "Panel"), which request was granted. A hearing date has been scheduled for March 28, 2024 and will stay the suspension of the Company's securities and the filing of the Form 25-NSE pending the Panel's decision.