Company: BFRG
Filing Date: 2025-11-07
Form Type: 424B5
Source: 0001493152-25-021283
Chunk: 1

Company: BullFrog AI Holdings, Inc.
Filing Date: 2025-11-07
Form: 424B5
Chunk 1
---
 Prospectus Supplement No. 2. Pursuant to General Instruction I.B.6 of Form S-3, in no event will we sell securities registered in a public primary offering with a value exceeding more than one-third of our Public Float in any 12-calendar month period so long as our public float remains below $75.0 million. We have not offered any securities pursuant to General Instruction I.B.6 of Form S-3 during the prior 12-calendar month period that ends on and includes the date of this Prospectus Supplement No. 2, other than our offering of shares of common stock pursuant to the ATM Prospectus, having an aggregate value of approximately $2.7 million. As of November 6, 2025, one-third of the Public Float was equal to approximately $4.7 million, leaving approximately $2.0 million available for issuance under this Prospectus Supplement No. 2.

Sales of our common stock, if any, under this Prospectus Supplement No. 2 will be made in sales deemed to be “at the market offerings” as defined in Rule 415 promulgated under the Securities Act of 1933, as amended, or the Securities Act. The sales agent is not required to sell any specific number of securities but will act as our sales agent using commercially reasonable efforts consistent with its normal trading and sales practices, on mutually agreed terms between the sales agent and us. There is no arrangement for funds to be received in any escrow, trust or similar arrangement.

If our public float increases such that we may sell additional amounts of common stock in excess of the aforementioned aggregate offering price under the Sales Agreement and the registration statement and ATM Prospectus, which this Prospectus Supplement No. 2 amends, we will file another prospectus supplement prior to making such additional sales in excess of the aforementioned aggregate offering price. In the event that our public float increases above $75.0 million, we will no longer be subject to the limit in General Instruction I.B.6 of Form S-3, and in such event, we will file another prospectus supplement prior to making additional sales above such limit.

Our business and an investment in our common stock involve significant risks. These risks are described under the caption “ Risk Factors” beginning on page S-6 of Prospectus Supplement No. 1 and in the documents incorporated by reference into this prospectus supplement.

Neither the U.S. Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon