Company: BFRG
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023496
Chunk: 82

Company: BullFrog AI Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 82
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ibility that a material misstatement of our financial statements would not be prevented or detected on a timely basis.

Changes
in Internal Control Over Financial Reporting 

Other
than the material weakness remediation efforts described above, there has been no change in the Company’s internal control over
financial reporting during the Company’s most recent quarter that has materially affected, or is reasonably likely to materially
affect, the Company’s internal control over financial reporting.

25

PART
II. OTHER INFORMATION

Item 1Legal
                                            Proceedings.

To
the best of our knowledge, we are not currently a party to any legal proceedings that, individually or in the aggregate, are deemed to
be material to our financial condition or results of operations.

Item 1ARisk
                                            Factors.

Except
as set forth below, there have been no material changes to the Risk Factors disclosed in Part I, Item 1A, Risk Factors, of the
Company’s 2024 Form 10-K.

We
are currently listed on the Nasdaq Capital Market. If we are unable to maintain listing of our securities on Nasdaq or any stock exchange,
our stock price could be adversely affected and the liquidity of our stock and our ability to obtain financing could be impaired and
it may be more difficult for our shareholders to sell their securities.

Although
our common stock is currently listed on the Nasdaq Capital Market, we may not be able to continue to meet the exchange’s minimum
listing requirements or those of any other national exchange. The listing rules of Nasdaq require listing issuers to comply with certain
standards in order to remain listed on its exchange. For instance, on August 21, 2025, we received a letter from the listing staff of
The Nasdaq Stock Market LLC (“Nasdaq”) that the Company was no longer in compliance with the minimum stockholders’
equity requirement for continued listing on Nasdaq pursuant to Nasdaq Listing Rule 5550(b)(1) (the “Stockholders’ Equity
Rule”). The Stockholders’ Equity Rule requires companies listed on the Nasdaq Capital Market to maintain stockholders’
equity of at least $2,500,000 or to meet alternatives of market value of listed securities or net income from continuing operations,
which the Company does not currently meet. In accordance with Nasdaq rules, the Company had 45 calendar days, or until October 6, 2025,
to submit a plan to regain compliance. After submitting the plan to regain compliance, on October 7