Bullfrog AI announces pricing of registered direct offering, private placement

BullFrog AI (BFRG) Holdings announced that it has entered into a definitive agreement for the purchase and sale of an aggregate of 1,565,000 shares of common stock in a registered direct offering and, in a concurrent private placement, common warrants to purchase up to 1,565,000 shares of common stock at a combined purchase price of $2.00. The warrants will have an exercise price of $2.00 per share, are initially exercisable on the date that is six months from the date of issuance and will expire five years from such initial exercise date. The closing of the offering is expected to occur on or about October 21, 2024, subject to the satisfaction of customary closing conditions. The gross proceeds to from the offering are expected to be approximately $3.13M, excluding any proceeds that may be received upon exercise of the warrants and before deducting the placement agent’s fees and other offering expenses payable by the company. WallachBeth Capital, LLC is acting as sole placement agent for the registered direct offering and private placement.