Seafood company Blue Star Foods submits application to trade on NASDAQ
Blue Star Foods, a Florida-based seafood company, has filed a formal application to list its common shares on the NASDAQ Stock Market.
The acceptance of the application is contingent on approval based on various factors that include meeting minimum listing requirements for the stock exchange.
Blue Star Foods said that it will look to meet all of the applicable listing requirements. However, the seafood company said that there is no guarantee that its application will get approval.
During the review process at NASDAQ, Blue Star Foods’ common stock will continue to trade on the OTC under the symbol – BSFC.
John Keeler – Chairman and CEO of Blue Star Foods said: “We believe listing our common stock on the NASDAQ will improve liquidity, increase our corporate visibility in the financial markets, and create shareholder value.
“We believe that listing on the NASDAQ is a natural progression for the Company and our shareholders.”
Last year, Blue Star Foods signed a deal to acquire Taste of BC Aquafarms, a land-based recirculating aquaculture systems (RAS) salmon farming operation based in Canada.
The closing of the deal is based on meeting certain closing conditions, following which Taste of BC Aquafarms will become a fully-owned subsidiary of Blue Star Foods but will continue to be operated by the Atkinson family, its existing owner/operators.