Company: BFRG
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023496
Chunk: 22

Company: BullFrog AI Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 22
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, 2025, none of these warrants have been exercised.

●In
                                            October 2024, 1,565,000 warrants to purchase shares of the Company’s common stock at
                                            an exercise price of $2.00 per share and expiration date of 5.5 years from issuance. As of
                                            September 30, 2025, none of these warrants have been exercised. As a result of this transaction,
                                            90,419 warrants issued in connection with the Company’s 2023 IPO had their exercise
                                            prices further reduced to $2.00 per share pursuant to an anti-dilution provision in the warrants
                                            resulting in a deemed dividend of $28,211.

●In
                                            October 2024, 702,398 pre-funded warrants with an exercise price of $0.0001 per share. The
                                            pre-funded warrants were exercised in their entirety in cashless exercise transactions as
                                            of March 31, 2025, pursuant to which 702,373 shares of common stock were issued. 

●In
                                            October 2024, 62,600 warrants with an exercise price of $2.00 per share and an expiration
                                            date 5.5 years from issuance to the placement agent. The warrants were valued at approximately
                                            $116,436 and, as of September 30, 2025, none of these warrants have been exercised.

    14

Warrants
Issued as Consideration for Services

The
following table summarizes the activity for warrants issued as consideration for services for the nine months ended September 30, 2025
and 2024:

  Schedule
of Warrant Activity 

    Number of 
Warrants  
    Weighted-
Average Exercise 
Price  
    Weighted-
Average 
Remaining 
Contractual 
Term (Years)  
    Aggregate 
Intrinsic Value 
  
    Outstanding at December 31, 2024 
     663,891  
    $1.55  
     5.6  
    $548,380 
  
    Granted 
     5,000  
    $1.22  

    Exercised 
     -  
    $-  

    Forfeited / canceled 
     -  
    $-  

    Outstanding at September 30, 2025 
     668,891  
    $1.54  
     4.9