Trans American Aquaculture, Inc

Form Type: 8-K

Filing Date: 2024-12-19

Corporate Action: Bankruptcy

Type: New

Accession Number: 000168316824008854

Comments: On December 9, 2024, Saleem Elmasri and Jeffrey Sedacca resigned from their positions as directors of Trans American Aquaculture, Inc. Elmasri also stepped down as the Chairman of the Audit Committee. Neither of the resigned directors expressed any disagreements regarding the company’s operations or policies. Following a recent deed in lieu foreclosure by a note holder, Trans American Aquaculture LLC, the firm's wholly owned subsidiary, filed for Chapter 11 bankruptcy protection on December 2, 2024. A shareholder letter was issued on December 19, 2024, to provide further details regarding the bankruptcy filing, which is attached as Exhibit 99.1. Although the shareholder letter offers insights, it emphasizes the importance of reviewing it in conjunction with other filings and announcements made by the company. The company does not commit to update this information regularly unless it deems necessary.

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