Company: BFRG
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023560
Chunk: 18

Company: BullFrog AI Holdings, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 18
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 weighted-average period of approximately 1.5 years.

Warrants

The
following table provides details over the Company’s outstanding warrants as of June 30, 2025:

Schedule
of Outstanding Warrants

    Exercise Price 
    Expiration  
    Number of Warrants 
  
    $0.0007 
     2030  
     274,286 
  
     $2.00 - $2.66 
     2026 - 2032  
     2,164,179 
  
     $3.36 - $4.16 
     2028 - 2029  
     1,842,807 
  
     $6.51 - $7.80 
     2026 - 2032  
     1,484,829 
  
    $8.125 
     2028  
     1,443,227 

     7,209,328 

Warrants
Issued in Conjunction with Transactions

During
the year ended December 31, 2024, the Company issued the following warrants as part of two secondary
offerings:

●In
                                            February 2024, 1,507,139 warrants with an exercise price of $4.16 per share and an expiration
                                            date 5 years from issuance. In addition, the Company issued an additional 218,382 warrants
                                            with an exercise price of $4.16 per share and an expiration date 5 years from issuance pursuant
                                            to the underwriters’ overallotment option. As of June 30, 2025, 16,000 of these warrants
                                            have been exercised and 1,709,521 remain outstanding. As a result of this transaction, 90,419
                                            warrants issued in connection with the Company’s 2023 initial public offering (“IPO”) had their exercise prices
                                            reduced to $3.782 per share pursuant to an anti-dilution provision in the warrants resulting
                                            in a deemed dividend of $16,774.

    12

●In
                                            February 2024, 478,429 pre-funded warrants with an exercise price of $0.0001 per share. All
                                            such pre-funded warrants were exercised in 2024.

●In
                                            February 2024, 90,428 warrants with an exercise price of $4.16 per share and an expiration
                                            date 5 years from issuance