Company: BFRG
Filing Date: 2025-04-25
Form Type: 424B5
Source: 0001641172-25-006297
Chunk: 14

Company: BullFrog AI Holdings, Inc.
Filing Date: 2025-04-25
Form: 424B5
Chunk 14
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-qualified retirement plan.                                       |

If a holder is a partnership or other pass-through entity (including an entity or arrangement treated as a partnership or other pass-through entity for U.S. federal income tax purposes), the U.S. federal income tax treatment of a partner or beneficial owner will generally depend on the status of such partner or beneficial owner and the entity’s activities. Partnerships, partners and beneficial owners in partnerships or other pass-through entities that own the Offered Securities should consult their tax advisors as to the particular U.S. federal income tax considerations applicable to the acquisition, ownership and disposition of the Offered Securities.

For purposes of this discussion, a “U.S. Holder” is a beneficial owner of the Offered Securities, that, for

U.S. federal income tax purposes, is:

| ● | an                                                             
 individual that is a citizen or resident of the United States; |

| S-9 |

| ● | a                                                                                            
 corporation, or an entity treated as a corporation, created or organized in or under the     
 laws of the United States, any state thereof or the District of Columbia;                    |
| ● | a                                                                                            
 trust that (1) is subject to (A) the primary supervision of a court within the United States 
 and (B) the authority of one or more “United States persons” (within the meaning             
 of Section 7701(a)(30) of the Code) to control all substantial decisions of the trust or     
 (2) has a valid election in effect under applicable Treasury regulations to be treated as    
 a United States person; or                                                                   |
| ● | an                                                                                           
 estate that is subject to U.S. federal income tax on its income regardless of its source.    |

As used herein, the term “Non-U.S. Holder” means a beneficial owner, other than an entity treated as a partnership for U.S. federal income tax purposes, of the Offered Securities that is for U.S. federal income tax purposes not a U.S. Holder. U.S. Holders and Non-U.S. Holders are collectively referred to herein as “holders.”

PROSPECTIVE INVESTORS ARE URGED TO CONSULT THEIR TAX ADVISORS REGARDING THE PARTICULAR U.S. FEDERAL, STATE, AND LOCAL AND NON-U.S. TAX CONSEQUENCES TO THEM OF THE PURCHASE, OWNERSHIP AND DISPOSITION OF THE OFFERED SECURITIES.

Tax considerations applicable to U.S. holders

Dividends

Bullfrog does not anticipate