Company: BFRG
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023560
Chunk: 46

Company: BullFrog AI Holdings, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 8
Chunk 46
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 A Convertible Preferred Stock, 73,449 were issued and outstanding as of
June 30, 2025. Each share of Series A Convertible Preferred Stock is convertible at any time into 10 shares of the Company’s common
stock. The Series A Preferred Stock is the economic equivalent of the common stock but has no voting rights and is subject to a blocker
which prohibits the conversion into common stock if it would result in the investor owning more than 4.99% of the Company’s outstanding
common stock at such time.

Common
Stock

The
Company has 100,000,000 shares of common stock authorized at a par value of $0.00001.

In
February 2024, the Company received approximately $6.5 million
of gross proceeds from the sale of 1,247,092 shares
of common stock, 478,429 pre-funded
warrants and 1,725,521 common
warrants (each share of 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 $3.13
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