JERSEY
CITY, N.J., Feb. 5, 2024
/PRNewswire/ -- WallachBeth Capital LLC, a leading provider of
capital markets and institutional execution services, announced
today BullFrog AI Holdings, Inc. (NASDAQ: BFRG; BFRGW) ("Bullfrog
AI" or the "Company"), a technology-enabled drug development
company using (AI) and machine learning to enable the successful
development of pharmaceuticals and biologics , has completed its
previously announced 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 discount 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 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.
WallachBeth Capital, LLC acted as sole book-running manager for
the Offering.
A registration statement on Form S-1 (File No. 333-276740)
relating to these securities was filed with the Securities and
Exchange Commission and was declared effective on January 31, 2024. 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.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any of the securities described
herein, 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.
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
Safe Harbor Statements
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
