Company: BFRG
Filing Date: 2025-09-26
Form Type: DEF 14A
Source: 0001493152-25-015716
Chunk: 10

Company: BullFrog AI Holdings, Inc.
Filing Date: 2025-09-26
Form: DEF 14A
Chunk 10
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 request.

Interest of Officers and Directors in Matters to Be Acted Upon

None of our officers or directors have any interest in any of the matters to be acted upon at the Special Meeting, except to the extent that they receive any awards under the Company’s 2022 Equity Incentive Plan.

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<div align='center'>PROPOSAL NO. 1

APPROVAL OF THE ISSUANCE OF UP TO $10,000,000 OF SHARES OF COMMON STOCK</div>

Background and Description of the Issuance Proposal

On September 15, 2025, we entered into a purchase agreement (the “Purchase Agreement”) and a registration rights agreement (the “Registration Rights Agreement”) with Lincoln Park Capital Fund, LLC (“Lincoln Park”), pursuant to which Lincoln Park has committed to purchase from us up to an aggregate of $10 million worth of our common stock, subject to certain limitations and conditions set forth in the Purchase Agreement, which is attached hereto as Appendix A. As consideration for its commitment to purchase shares of our common stock under the Purchase Agreement, we issued 147,682 shares of common stock to Lincoln Park as commitment shares (the “Commitment Shares”).

We are submitting the Issuance Proposal to you in order to obtain the requisite stockholder authorization in accordance with Nasdaq Listing Rule 5635(d) to sell 20% or more of our issued and outstanding common stock to Lincoln Park (as of the date we entered into the Purchase Agreement), if we so choose, as more fully described below.

Agreements with Lincoln Park

Under the terms and subject to the conditions of the Purchase Agreement, we have the right, but not the obligation, to sell to Lincoln Park, and Lincoln Park is obligated to purchase up to $10 million worth of shares of common stock. Such sales of common stock by us, if any, will be subject to certain limitations, and may occur from time to time, at our sole discretion, over the 36-month period commencing after certain conditions have been satisfied (“Commencement Date”) pursuant to the Purchase Agreement and the Registration Rights Agreement.

Regular Purchases

From and after the Commencement Date, provided the last closing sale price of our common stock on the applicable “regular purchase date” (as defined in the Purchase Agreement) is not below $0.50 (and provided all shares of common stock subject to all prior Regular Purchases (as defined in the Purchase Agreement) have been properly delivered to Lincoln Park in accordance with the