JERSEY CITY, NJ, February 16, 2023 /PRNewswire/ — WallachBeth Capital LLC, a leading provider of capital markets and institutional execution services, today announced BullFrog AI Holdings, Inc. (NASDAQ: BFRG; BFRGW) (“Bullfrog AI” or the “Company”), a digital technology The company, which is using machine learning to usher in a new era of precision medicine, has completed its previously announced IPO with 1,297,318 units at a price of $6.50 per unit for a total of approx $8.4 million of gross proceeds to the company. Each Unit consists of one common share of the Company, a negotiable warrant to purchase one common share at an exercise price of $7.80 per share and a non-tradable warrant to purchase one share of the Company’s common stock at an exercise price of $8,125. The underwriters have been granted an option, exercisable within 45 days of the closing of this offering, to purchase common shares of the Company at a price of $6.48 per share and/or tradable warrants at a price of $0.01 per tradable warrant and/or non-tradable warrants $0.01 per non-tradable warrant or combination of additional common shares and warrants totaling up to 15% of the number of units sold under this offering, net of the underwriting discount in all cases.
WallachBeth Capital, LLC and Kingswood, a division of Kingswood Capital Partners, LLC acted as joint bookrunners and co-underwriters for the offering.
A registration statement on Form S-1 (File Number 333-267951) relating to these securities was filed with the Securities and Exchange Commission and was effective on February 13, 2023. This press release does not constitute an offer to sell or the solicitation of an offer to purchase these securities, nor shall there be any sale of these securities in any state or jurisdiction where such offer, solicitation or sale is pending registration would be unlawful or qualify under the securities laws of any such state or jurisdiction.
This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities described herein, nor shall there be any sale of such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful would be prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Bullfrog AI
BullFrog AI is a digital technology company using machine learning to usher in a new era of precision medicine.
About WallachBeth Capital LLC
WallachBeth Capital provides the healthcare industry with a robust range of capital markets and investment banking services, connecting corporate clients with leading institutions and creating value for both issuers and investors. The Company’s website is at www.wallachbeth.com.
Forward-Looking Statements
This press release contains forward-looking statements, including statements regarding the anticipated use of proceeds from the offering of the Company’s common stock. Such forward-looking statements are based on facts and conditions as of the date such statements are made and on predictions of future facts and conditions. Neither the Company nor WallachBeth undertakes any obligation to update any forward-looking statements, except as required by applicable securities laws.
SOURCE WallachBeth Capital LLC
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