Blue Star Foods Corp. (NASDAQ:BSFC) recently disclosed in a Form 8-K filing on December 11, 2024, that its board of directors has approved and authorized a stock repurchase program. The Repurchase Program allows the company to repurchase up to $1.5 million of its common stock in the open market.
In line with the board’s decision and as part of the overall market strategy, Blue Star Foods is currently in the process of evaluating brokerage firms or other banking institutions. The purpose of this evaluation is to select a depository for the repurchased common stock. The company has not provided a fixed timeline for the commencement of the Repurchase Program at this time.
This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Blue Star Foods’s 8K filing here.
About Blue Star Foods
Blue Star Foods Corp., through its subsidiaries, operates as a marine protein company in the United States and Canada. The company imports, packages, and sells refrigerated pasteurized crab meats and other premium seafood products. It sells its products primarily to food service distributors, as well as wholesalers, retail establishments, and seafood distributors under the Blue Star, Oceanica, Pacifika, Crab & Go, Lubkin's Coastal Pride, First Choice, Good Stuff, Coastal Pride Fresh, TOBC, and Little Cedar Farms brands.
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