BullFrog AI receives Nasdaq deficiency letter for equity shortfall; issues 267,842 share retention awards

BullFrog AI Holdings, Inc.

Stockholders' equity of $2,188,110 as of June 30, 2025 falls below Nasdaq's $2.5M minimum requirement.
Company has 45 days to submit a compliance plan; possible 180-day extension if plan accepted.
Board granted refresh equity awards totaling 267,842 shares to executives and directors.
Awards consist of 33% immediate vesting stock and 67% RSUs vesting 50% each on Sep 1, 2026 and Sep 1, 2027.
Existing stock options are significantly underwater; awards intended for retention during critical period.

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