Monitor for incremental share sales under this ATM program, which could exert downward pressure on the stock price due to supply overhang and signaling effect. Given the small market cap ($4M), even modest sales could significantly dilute existing shareholders. Check future 8-Ks or 10-Qs for actual proceeds and shares issued.
Price Chart
Executive Summary
BullFrog AI Holdings filed a prospectus supplement to raise up to $4.3 million through an at-the-market (ATM) offering, utilizing its existing S-3 registration. The offering is subject to a regulatory limit of one-third of its public float, with approximately $4.3 million remaining available under that threshold as of April 1, 2026. No new securities were issued immediately; sales will occur over time at market prices through BTIG as sales agent.
Key Facts
- Filing is a prospectus supplement (424B5) for an ATM offering of up to $4.3 million in common stock.
- Offering is made under an existing S-3 registration (No. 333-281341) and does not involve immediate issuance of shares.
- Sales will be conducted 'at the market' through BTIG, with no obligation for BTIG to sell any specific amount.
- Public float was approximately $27.0 million as of April 1, 2026, allowing up to one-third ($9.0 million) in offerings under Form S-3 rules; $4.7 million has already been sold under prior tranches, leaving $4.3 million available.
- No material changes in company affairs reported since latest 10-K filing.
Financial Impact
Potential dilution from up to $4.3 million in new shares issued over time, priced at prevailing market rates. Based on last sale price of $1.62, this could result in issuance of approximately 2.65 million shares.
Risk Factors
- Equity dilution for existing shareholders as new shares are sold
- Downward pressure on stock price due to continuous or large-volume sales in a low-liquidity environment
- Perception of financial distress given repeated use of ATM facility despite small market cap
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 424B5 Filing (Primary) | 0001493152-26-014685 |
| Document: 0001493152-26-014685-index-headers.html | 0001493152-26-014685 |
| Document: 0001493152-26-014685-index.html | 0001493152-26-014685 |
| Document: 0001493152-26-014685.txt | 0001493152-26-014685 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
May 29, 2026 21w ago | S-1 | $0.1450 $0.1101 | ▲ +24.07% | ▲ +25.30% | — |
May 1, 2026 25w ago | DEFA14A | $0.1450 | awaiting T+60 | — | — |
Apr 22, 2026 26w ago | 8-K | $0.1450 $0.1249 | ▼ −13.86% | ▼ −18.64% | — |
Apr 13, 2026 28w ago | 8-K | $0.1450 $0.1006 | ▼ −30.62% | ▼ −39.14% | — |
Apr 1, 2026 29w ago | 424B5 | $0.1450 $0.1450 | · 0.00% | ▲ +14.16% | — |
US Market Status
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