---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-025710"
form_type: "8-K"
ticker: "BFRG"
cik: "0001829247"
company_name: "BullFrog AI Holdings, Inc."
filed_at: "2025-08-27T23:59:59+00:00"
generated_at: "2026-05-17T09:46:25.523726+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001641172-25-025710
- form_type: 8-K
- ticker: BFRG
- cik: 0001829247
- company_name: BullFrog AI Holdings, Inc.
- filed_at: 2025-08-27T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 3.01, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1829247/000164117225025710/0001641172-25-025710-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1829247/000164117225025710/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-025710
- JSON: https://secwatch.observer/filing/0001641172-25-025710.json
- Plain text: https://secwatch.observer/filing/0001641172-25-025710.txt

## Key facts
- Listing & Compliance Notices
  BullFrog AI Holdings, Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: stockholders equity
  - Rules: 5550(b)(1)
  source text: August 21, 2025, BullFrog AI Holdings, Inc. (the “Company”) received written notice from The Nasdaq Stock Market LLC (“Nasdaq”) that, based on the Company’s stockholders’ equity of $2,188,110 as reported on its Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, the Company is no longer in compliance with Nasdaq Listing Rule 5550(b)(1), which requires companies listed on the Nasdaq Capital Market to maintain a minimum of $2,500,000 in stockholders’ equity for continued listing (the “Stockholder Equity Requirement”). The Nasdaq deficiency letter has no immediate effect on the lis
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829247/000164117225025710/0001641172-25-025710-index.htm

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