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Sichenzia Ross Ference Carmel LLP Represents BullFrog AI Holdings, Inc. in $5.7 Million Underwritten Public Offering

Press Release – New York, NY – February 1st, 2024 – Sichenzia Ross Ference Carmel LLP announced today that it represented Bullfrog AI Holdings, Inc. (NASDAQ: BFRG; BFRGW) (“Bullfrog AI” or the “Company”), in an underwritten public offering of an aggregate of 1,507,139 shares of common stock and accompanying warrants to purchase 1,507,139 shares of common stock at a public offering price of $3.782 per share.

The gross proceeds of the above offering are approximately $5,700,000, prior to deducting underwriting discounts and offering expenses. The Company intends to use the net proceeds from the offering for working capital and other general corporate purposes. The offering is expected to close on February 5, 2024, subject to satisfaction of customary closing conditions.

Bullfrog AI is a digital biopharma company, focused on the use of artificial intelligence (AI) and machine learning to enable the successful development of pharmaceuticals and biologics. Their lead product, a proprietary AI/ML analytics platform, aims to improve the development process and assist in clinical trials through the identification of “high-value data niches and patient subgroups”.

WallachBeth Capital, LLC is acting as sole book-running manager for the offering.

The Sichenzia Ross Ference Carmel LLP team was led by partner Arthur Marcus, counsel Sharon Carroll, and associate Jesse Blue.

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This memorandum is provided by Sichenzia Ross Ference Carmel LLP for educational and informational purposes only and is not intended and should not be construed as legal advice. This memorandum is considered advertising under applicable state laws.

Sichenzia Ross Ference Carmel LLP