Company: BFRG
Filing Date: 2025-09-16
Form Type: 8-K
Source: 0001493152-25-013729
Chunk: 1

Company: BullFrog AI Holdings, Inc.
Filing Date: 2025-09-16
Form: 8-K
Item: Item 1.01
Chunk 1
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 share for each Regular Purchase will be based on prevailing market prices of the Common Stock at or prior to the
time of sale as computed in accordance with the terms set forth in the Purchase Agreement. There are no upper limits on the price per
share that Lincoln Park must pay for shares of Common Stock under the Purchase Agreement.

If
the Company directs Lincoln Park to purchase the maximum number of shares of Common Stock that the Company may sell in a Regular Purchase,
then in addition to such Regular Purchase, and subject to certain conditions and limitations in the Purchase Agreement, the Company may
direct Lincoln Park to purchase additional shares of Common Stock in an “accelerated purchase” (each, an “ Accelerated
Purchase”) and an “additional accelerated purchase” (each, an “ Additional Accelerated Purchase”) (including
multiple Additional Accelerated Purchases on the same trading day) as provided in the Purchase Agreement. The purchase price per share
for each Accelerated Purchase and Additional Accelerated Purchase will be based on market prices of the Common Stock on the applicable
purchase date for such Accelerated Purchases and such Additional Accelerated Purchases.

The
Company will control the timing and amount of any sales of Common Stock to Lincoln Park pursuant to the Purchase Agreement. Lincoln Park
has no right to require the Company to sell any shares of Common Stock to Lincoln Park, but Lincoln Park is obligated to make purchases
as the Company directs, subject to certain conditions set forth in the Purchase Agreement.

Actual
sales of shares of Common Stock to Lincoln Park will depend on a variety of factors to be determined by the Company from time to time,
including, among others, general market conditions, the trading price of the Company’s Common Stock and determinations by the Company
as to the appropriate sources of funding for the Company and its operations. The net proceeds under the Purchase Agreement to the Company
will depend on the frequency and prices at which the Company sells shares of its stock to Lincoln Park. The Company expects that any
proceeds received by the Company from such sales to Lincoln Park will be used for working capital, capital expenditures and general corporate
purposes.

In
the case of Regular Purchases, Accelerated Purchases and Additional Accelerated Purchases, the purchase price per share will be equitably
adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction occurring
during the business days used to compute the purchase price.

The
aggregate number of shares that the Company can sell