WallachBeth Capital Announces Closing of Bullfrog AI Registered Direct Offering and Concurrent Private Placement for Aggregate Gross Proceeds of $3.13 Million

Core Viewpoint - BullFrog AI Holdings, Inc. has successfully closed a definitive agreement for the purchase and sale of 1,565,000 shares of common stock and common warrants, raising approximately $3.13 million in gross proceeds from the offering [1][2]. Group 1: Offering Details - The offering includes a registered direct offering and a concurrent private placement, with a combined purchase price of $2.00 per share [1]. - The common warrants have an exercise price of $2.00 per share, are initially exercisable six months from issuance, and will expire five years from the initial exercise date [1]. - The shares and warrants will be issued under an effective shelf registration statement previously filed with the SEC [3]. Group 2: Financial and Legal Aspects - The gross proceeds from the offering are expected to be approximately $3.13 million, excluding any proceeds from the exercise of the warrants and before deducting placement agent fees and other expenses [2]. - WallachBeth Capital, LLC acted as the sole placement agent for the offering, while Sheppard, Mullin, Richter & Hampton LLP served as counsel to the placement agent [2]. Group 3: Company Background - WallachBeth Capital provides a range of capital markets and investment banking services, particularly to the healthcare sector, including initial public offerings and private transactions [4].