Bullfrog AI Announces Pricing Of $3.13M Registered Direct Offering Of 1.565M Shares At A Price Of $2/Share And Concurrent Private Placement
Portfolio Pulse from Benzinga Newsdesk
Bullfrog AI Holdings, Inc. announced a $3.13 million registered direct offering and concurrent private placement, involving 1.565 million shares at $2 per share. The offering includes warrants exercisable in six months, expiring in five years. WallachBeth Capital, LLC is the sole placement agent.
October 18, 2024 | 1:33 pm
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Bullfrog AI Holdings is conducting a $3.13 million registered direct offering and private placement at $2 per share, with warrants exercisable in six months. This could impact the stock price due to potential dilution and future capital influx.
The announcement of a registered direct offering and private placement at $2 per share could lead to short-term downward pressure on BFRG's stock price due to potential dilution. However, the capital raised could support future growth, which may be positive in the long term. The exercise of warrants in six months could further impact the stock price.
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