Company: BFRG
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023496
Chunk: 56

Company: BullFrog AI Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 56
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 common stock or pre-funded warrant and common warrant, collectively,
the “Units”). The Units were sold at a price of $3.782 and the sale was completed via an underwritten public offering and
includes the underwriter’s exercise of their overallotment option. The warrants have an exercise price of $4.16 and expire five
years from issuance. In conjunction with the transaction, the Company issued to the placement agent warrants to purchase an aggregate
of 90,428 shares of common stock. The placement agent warrants have an exercise price of $4.16 and expire five years from issuance. The
pre-funded warrants had an exercise price of $0.001 and were all exercised in their entirety in the first quarter of 2024.

In
October 2024, the Company received approximately $3.1 million of gross proceeds from the sale of (i) 862,602 shares of the Company’s
common stock and pre-funded warrants to purchase up to 702,398 shares of common stock with an exercise price of $0.0001 per share, at
a purchase price of $2.00 per share of common stock and a purchase price of $1.9999 per pre-funded warrant in a registered direct offering
and (ii) warrants to purchase an aggregate of 1,565,000 shares of common stock with an exercise price of $2.00 per share exercisable
after six (6) months from the date of issuance for a five year period from the initial exercise date in a concurrent private placement.
In conjunction with the transactions, the Company paid the placement agent an aggregate cash fee of 8.0% of the gross proceeds from the
sale of securities in the transaction, reimbursed the placement agent for certain out-of-pocket expenses and issued to the placement
agent warrants to purchase an aggregate of 62,600 shares of common stock, equal to 4% of the aggregate number of shares of common stock
and pre-funded warrants sold in the registered direct offering. The placement agent warrants have an exercise price of $2.00 per share
and are exercisable six (6) months from the date of issuance for a five year period from the initial exercise date. 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
April 2025, the Company entered into the ATM Agreement with BTIG, LLC, pursuant