Company: BFRG
Filing Date: 2025-09-16
Form Type: PRE 14A
Source: 0001493152-25-013736
Chunk: 11

Company: BullFrog AI Holdings, Inc.
Filing Date: 2025-09-16
Form: PRE 14A
Chunk 11
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 (ii) 75,000 of our common stock, provided that the last closing sale price of our common stock on the applicable Regular Purchase Date is not below $2.00; and (iii) 100,000 shares of our common stock, provided that the last closing sale price of our common stock on the applicable Regular Purchase Date is not below $2.50.

The purchase price per share for each such Regular Purchase will be equal to 97% of the lower of:

| ● | the                                                                                               
 lowest sale price for our common stock on the applicable Regular Purchase Date or, if applicable, 
 during the specified period on the immediately following business day as provided in the          
 Purchase Agreement for such shares of our common stock; and                                       |

| ● | the                                                                                          
 arithmetic average of the three lowest closing sale prices for our common stock during the   
 10 consecutive business days ending on the business day immediately preceding the applicable 
 Regular Purchase Date of such shares of our common stock.                                    |

| 5 |

Accelerated Purchases

In addition to Regular Purchases described above, we may also direct Lincoln Park, on any business day on which we have properly submitted a Regular Purchase notice directing Lincoln Park to purchase the maximum number of shares of our common stock that we are then permitted to include in a single Regular Purchase notice (and provided all shares of common stock subject to all prior Regular Purchases, Accelerated Purchases and Additional Accelerated Purchases (as such terms are defined in the Purchase Agreement) effected prior to such Purchase Date have been properly delivered to Lincoln Park in accordance with the Purchase Agreement), to purchase an additional amount of our common stock, which we refer to as an “Accelerated Purchase”, on the business day immediately following the applicable Regular Purchase Date for such corresponding Regular Purchase, which we refer to as the “Accelerated Purchase Date,” not to exceed the lesser of:

| ● | 30%                                                                                              
 of the aggregate number of shares of our common stock traded during the period on the applicable 
 Accelerated Purchase Date commencing at the time specified in the Purchase Agreement and         
 ending at the close of regular trading on the applicable Accelerated Purchase Date or, if        
 certain trading volume or market price thresholds specified in the Purchase Agreement are        
 crossed on the applicable Accelerated Purchase Date, the portion of the normal trading hours     
 on the applicable Accelerated Purchase Date following such applicable commencement time and      
 ending at such time that any one of such thresholds is crossed, which period of time on the      
 applicable Accelerated Purchase Date we