Company: BFRG
Filing Date: 2025-04-25
Form Type: 424B5
Source: 0001641172-25-006297
Chunk: 51

Company: BullFrog AI Holdings, Inc.
Filing Date: 2025-04-25
Form: 424B5
Chunk 51
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 or perceptions;                                                                                                      |
| ● | changes                                                                                                                                     
 in valuations of similar companies or groups of companies;                                                                                  |
| ● | analyst                                                                                                                                     
 research reports, recommendation and changes in recommendations, price targets, and withdrawals of coverage;                                |
| ● | departures                                                                                                                                  
 and additions of key personnel;                                                                                                             |
| ● | disputes                                                                                                                                    
 and litigations related to intellectual property rights, proprietary rights, and contractual obligations;                                   |
| ● | changes                                                                                                                                     
 in applicable laws, rules, regulations, or accounting practices and other dynamics; and                                                     |
| ● | other                                                                                                                                       
 events or factors, many of which may be out of our control.                                                                                 |

| 13 |

In addition, if the market for stocks in our industry or industries related to our industry, or the stock market in general, experiences a loss of investor confidence, the trading price of our common stock could decline for reasons unrelated to our business, financial condition and results of operations. If any of the foregoing occurs, it could cause our stock price to fall and may expose us to lawsuits that, even if unsuccessful, could be costly to defend and a distraction to management.

We have never paid dividends on our capital stock and we do not anticipate paying any dividends in the foreseeable future. Consequently, any gains from an investment in our common stock will likely depend on whether the price of our common stock increases.

We have not paid dividends on any of our classes of capital stock to date and we currently intend to retain our future earnings, if any, to fund the development and growth of our business. In addition, the terms of any future indebtedness we may incur could preclude us from paying dividends. As a result, capital appreciation, if any, of our common stock will be your sole source of gain from an investment in our common stock for the foreseeable future. Consequently, in the foreseeable future, you will likely only experience a gain from your investment in our common stock if the price of our common stock increases.

If equity research analysts do not publish research or reports about our business or if they issue unfavorable commentary or downgrade our common stock, the price of our common stock could decline.

The trading market for our common stock may be affected by the research and reports that equity research analysts publish about us and our business. We do not control these analysts. The price of our common stock could decline if one or more equity analysts downgrade our common stock or if analysts issue other unfavorable commentary or cease publishing reports about us or our business.

Provisions of our charter documents or