Company: BFRG
Filing Date: 2025-10-10
Form Type: S-1
Source: 0001493152-25-017809
Chunk: 30

Company: BullFrog AI Holdings, Inc.
Filing Date: 2025-10-10
Form: S-1
Chunk 30
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 Limit”). In each case, Lincoln Park’s maximum commitment in any single Regular Purchase may not exceed $500,000. For purposes of the Purchase Agreement, “Floor Price” means, with respect to a Regular Purchase effected pursuant to the applicable terms thereof, $0.50, which shall be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split or other similar transaction and, effective upon the consummation of any such reorganization, recapitalization, non-cash dividend, stock split or other similar transaction, the Floor Price shall mean the lower of (i) the adjusted price and (ii) $0.50.

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 purchase date 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 purchase 
 date of such shares of our common stock.                                                   |

Accelerated Purchases

In addition to Regular Purchases described above, we may also direct Lincoln Park, on any Purchase Date for a Regular Purchase 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 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 next business day following such 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 all 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 prior to such time that any one of such thresholds is crossed,        
 which period of time on the applicable Accelerated Purchase Date we refer to as the Accelerated 
 Purchase Measurement Period; and                                                                |
| ● | 300%                                                                                            
 of the number