BFRGW

Bullfrog AI Holdings, Inc. Warrants represent the right to purchase shares of Bullfrog AI Holdings common stock at a predetermined exercise price during a specified time period. These warrants were issued as part of previous financing transactions and provide holders with leveraged exposure to Bullfrog AI's business prospects in the AI-enabled drug discovery market. The warrants trade separately from the common stock and appeal to investors seeking amplified participation in potential appreciation as the company advances its machine learning platforms and partnerships. As derivative securities, these warrants' value derives from the underlying Bullfrog AI common stock price. When the stock price rises above the warrant's exercise price, the warrants gain intrinsic value. The warrant price also incorporates time value based on the remaining exercise period and the stock's expected volatility. This leverage characteristic enables warrants to deliver larger percentage returns than the underlying stock during appreciation periods, though they also carry higher risk, declining more sharply during downturns and expiring worthless if the stock price remains below the exercise price at expiration. Bullfrog AI is developing proprietary machine learning platforms for drug discovery and development, aiming to improve success rates, reduce costs, and accelerate timelines in bringing new medicines to market. The company's progress in developing internal programs, securing pharmaceutical partnerships, demonstrating platform capabilities, achieving clinical milestones, or other favorable developments could drive stock price appreciation, creating value for warrant holders. These instruments suit investors with higher risk tolerance who believe in the transformative potential of AI and machine learning in pharmaceutical development and Bullfrog AI's ability to establish itself as a leader in this emerging field. The investment thesis depends on successful platform validation and commercial traction in a competitive and evolving market.