---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-013729"
form_type: "8-K"
ticker: "BFRG"
cik: "0001829247"
company_name: "BullFrog AI Holdings, Inc."
filed_at: "2025-09-16T23:59:59+00:00"
generated_at: "2026-05-17T06:32:16.129196+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-25-013729
- form_type: 8-K
- ticker: BFRG
- cik: 0001829247
- company_name: BullFrog AI Holdings, Inc.
- filed_at: 2025-09-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1829247/000149315225013729/0001493152-25-013729-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1829247/000149315225013729/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-013729
- JSON: https://secwatch.observer/filing/0001493152-25-013729.json
- Plain text: https://secwatch.observer/filing/0001493152-25-013729.txt

## Key facts
- Equity Issuances
  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
  source text: Lincoln Park committed to purchase up to $10.0 million of the Company’s common stock, par value $0.00001 per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829247/000149315225013729/0001493152-25-013729-index.htm
- Equity Issuances
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829247/000149315225013729/0001493152-25-013729-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.