BullFrog AI secures $10M equity line with Lincoln Park Capital

BullFrog AI Holdings, Inc.

Entered purchase agreement with Lincoln Park Capital Fund for up to $10M of common stock over 36 months.
Company may sell shares at its discretion from time to time; Lincoln Park obligated to buy subject to conditions.
Issued 147,682 commitment shares to Lincoln Park as consideration for the facility.
Exchange cap of 2,048,936 shares (19.99% of outstanding) unless stockholder approval or average price condition met.
Net proceeds expected for working capital; no short selling by Lincoln Park during term.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

BullFrog AI Holdings, Inc. issued up to $10.0 million of the Company’s common stock of common stock to Lincoln Park Capital Fund, LLC for up to $10.0 million aggregate commitment.

Security: common stock
Shares: up to $10.0 million of the Company’s common stock
Purchaser: Lincoln Park Capital Fund, LLC
Consideration: up to $10.0 million aggregate commitment

Exact text from the filing

Lincoln Park committed to purchase up to $10.0 million of the Company’s common stock, par value $0.00001 per share

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

BullFrog AI Holdings, Inc. issued the Commitment Shares of common stock to Lincoln Park Capital Fund, LLC.

Security: common stock
Shares: the Commitment Shares
Purchaser: Lincoln Park Capital Fund, LLC

Exact text from the filing

The Commitment Shares were issued and the Purchase Shares will be issued and sold by the Company to Lincoln Park in reliance upon the exemptions from the registration requirements of the Securities Act

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BullFrog AI Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-25-013729

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