Miami-based Blue Star Foods Corp. on Thursday submitted a formal application to list its common shares on the Nasdaq Stock Market.

During the NASDAQ review process, the company's common stock will continue to trade on the OTC market under its current symbol, BSFC.

Earlier this year, Blue Star said it would seek a listing on the New York Stock Exchange American, an exchange designed for emerging, small-cap companies.

Blue Star CEO John Keeler told IntraFish on Thursday, however, that the company ultimately opted instead to apply for a listing on the NASDAQ "because it is more favorable for food-tech companies."