JERSEY
CITY, N.J., Feb. 1, 2024
/PRNewswire/ -- WallachBeth Capital LLC, a leading provider of
capital markets and institutional execution services, announced
today that BullFrog AI Holdings, Inc. (NASDAQ: BFRG; BFRGW) a
technology-enabled drug development company using (AI) and machine
learning to enable the successful development of pharmaceuticals
and biologics priced an underwritten public offering of an
aggregate of 1,507,139 shares of common stock (or pre-funded
warrants ("Pre-Funded Warrants") in lieu thereof) and accompanying
warrants to purchase 1,507,139 shares of common stock at a public
offering price of $3.782 per share
(inclusive of the Pre-Funded Warrant exercise price) for gross
proceeds of approximately $5,700,000,
prior to deducting underwriting discounts and offering expenses. In
addition, the Company has granted the underwriters a 45-day option
to purchase an additional 226,071 shares of common stock (and/or
Pre-Funded Warrants in lieu thereof) and/or warrants to purchase
226,071 shares of common stock to cover over-allotments at the
public offering price, less the underwriting discount.
The offering is expected to close on February 5, 2024, subject to satisfaction of
customary closing conditions.
WallachBeth Capital, LLC is acting as sole
book-running manager for the offering.
A registration statement on Form S-1 (File No.
333-276740) relating to the securities was filed with the
Securities and Exchange Commission ("SEC") and became effective on
January 31, 2024. This offering is
being made only by means of a prospectus. Copies of the final
prospectus related to the offering may be obtained, when available,
from WallachBeth Capital, LLC, via email: cap-mkts@wallachbeth.com,
or by calling +1 (646) 237-8585, or by standard mail at WallachBeth
Capital, LLC, Attn: Capital Markets, 185 Hudson St, Jersey City, NJ 07311, USA. In addition, a copy of the final
prospectus, when available, relating to the offering may be
obtained via the SEC's website at www.sec.gov.
About WallachBeth Capital LLC
WallachBeth Capital offers a robust range of capital markets and
investment banking services to the healthcare community, connecting
corporate clients with leading institutions. The firm's experience
includes initial public offerings, follow-on issues, PIPE
offerings, and private transactions
This press
release shall not constitute an offer to sell or the solicitation of an offer
to buy these securities, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
Safe Harbor Statement
This press release contains forward-looking statements. We base
these forward-looking statements on our expectations and
projections about future events, which we derive from the
information currently available to us. Such forward-looking
statements relate to future events or our future performance,
including: our financial performance and projections; our growth in
revenue and earnings; and our business prospects and opportunities.
You can identify forward-looking statements by those that are not
historical in nature, particularly those that use terminology such
as "may," "should," "expects," "anticipates," "contemplates,"
"estimates," "believes," "plans," "projected," "predicts,"
"potential," or "hopes" or the negative of these or similar terms.
In evaluating these forward-looking statements, you should consider
various factors, including: our ability to change the direction of
the Company; our ability to keep pace with new technology and
changing market needs; and the competitive environment of our
business. These and other factors may cause our actual results to
differ materially from any forward-looking statement.
Forward-looking statements are only predictions. The
forward-looking events discussed in this press release and other
statements made from time to time by us or our representatives, may
not occur, and actual events and results may differ materially and
are subject to risks, uncertainties, and assumptions about us. We
are not obligated to publicly update or revise any forward-looking
statement, whether as a result of uncertainties and assumptions,
the forward-looking events discussed in this press release and
other statements made from time to time by us or our
representatives might not occur.
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SOURCE WallachBeth Capital LLC
