Company: BFRG
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023560
Chunk: 57

Company: BullFrog AI Holdings, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 8
Chunk 57
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 the unaudited condensed
consolidated financial statements are issued.

Other
than as disclosed in this Note 9 and as may be disclosed elsewhere in the notes to the accompanying unaudited condensed consolidated
financial statements, there have been no subsequent events that require adjustment or disclosure in the accompanying unaudited
condensed consolidated financial statements.

Subsequent
to the quarter ended June 30, 2025, the Company continued to raise capital
through sales of shares of its common stock under its ATM Agreement. Subsequent to June 30, 2025, the Company raised gross proceeds of
approximately
$710,000, before deducting commissions and offering expenses, through sales of shares
of its common stock pursuant to the ATM Agreement.

15

Item
2. Management’s Discussion and Analysis of Financial Conditions and Results of Operations

References
in this Management’s Discussion and Analysis of Financial Condition and Results of Operations to “us”, “we”,
“our” and similar terms refer to the Company. The following discussion and analysis of our financial condition and results
of operations should be read in conjunction with (1) our unaudited condensed consolidated financial statements and related notes included
elsewhere in this Quarterly Report on Form 10-Q, and (2) our consolidated financial statements, related notes and management’s
discussion and analysis of financial condition and results of operations in our Annual Report on Form 10-K for the year ended December
31, 2024, filed with the Securities and Exchange Commission on March 14, 2025. This Form 10-Q contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange
Act of 1934, as amended, or the Exchange Act. These statements are often identified by the use of words such as “anticipate,”
“believe,” “continue,” “could,” “estimate,” “expect,” “intend,”
“may,” “plan,” “project,” “will,” “would” or the negative or plural of these
words or similar expressions or variations. Such forward-looking statements are subject to a number of risks, uncertainties, assumptions,
and other factors that could cause actual results and the timing of certain events to differ materially from future results expressed
or implied by the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited
to, those identified herein.