Bullfrog ai announces closing of $8.4 million initial public offering

Gaithersburg, md / accesswire / february 16, 2023 / bullfrog ai holdings, inc. (nasdaq:bfrg; bfrgw) ("bullfrog ai" or the "company"), a digital technology company using machine learning to usher in a new era of precision medicine, announced today the closing of its initial public offering of 1,297,318 units (each, a "unit," collectively, the "units") at a price of $6.50 per unit for a total of approximately $8.4 million of gross proceeds to the company. each unit consists of one share of the company's common stock, one tradeable warrant (each, a "tradeable warrant," collectively, the "tradeable warrants") to purchase one share of common stock at an exercise price of $7.80 per share, and one non-tradeable warrant (each, a "non-tradeable warrant," collectively, the "non-tradeable warrants"; together with the tradeable warrants, each, a "warrant," collectively, the "warrants") to purchase one share of the company's common stock at an exercise price of $8.125.
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