Company: BFRG
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023496
Chunk: 88

Company: BullFrog AI Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 3
Chunk 88
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 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, 2025, Nasdaq granted the Company
an extension until February 17, 2026, to comply with Listing Rule 5550(b)(1). Although the Company is pursuing its compliance plan, there
can be no assurance that the Company will regain compliance.

If,
for any reason, we are unable to regain compliance with the Stockholders’ Equity Rule or we otherwise fail to maintain compliance
with Nasdaq’s listing standards, our securities would be subject to delisting by Nasdaq. In such case, unless we are able to list
on another national securities exchange, a reduction in some or all of the following may occur, each of which could have a material adverse
effect on our shareholders:

●the
liquidity of our common stock;

●the
market price of our common stock;

●our
ability to obtain financing for the continuation of our operations;

●the
number of investors that could consider investing in our common stock;

●the
number of market makers in our common stock;

●the
availability of information concerning the trading prices and volume of our common stock; and

●the
number of broker-dealers willing to execute trades in shares of our common stock.

Item
2Unregistered