BullFrog AI Holdings, Inc. (BFRG) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
BFRG currently has 18.5M outstanding shares. with significant dilution risk as 30.6M authorized shares could dilute existing holders by 165.0%. The company has significantly diluted shareholders by 131.78% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 29, 2026 |
S-1 filing: This filing relates to the resale of up to 2,000,000 shares of common stock by Lincoln Park Capital Fund, LLC, which were or may be issued pursuant to a purchase agreement. |
19M | 31M |
| May 14, 2026 |
10-Q filing | 18.5M shares outstanding |
19M | 29M |
| Nov 14, 2025 |
10-Q filing | 10.4M shares outstanding |
10M | 37M |
| Oct 10, 2025 |
S-1 filing: This prospectus relates to the resale, from time to time, of up to 5,000,000 shares of our common stock, par value $0.00001 per share, by Lincoln Park Capital Fund, LLC. |
10M | 37M |
| Sep 16, 2025 |
8-K filing: BullFrog AI Holdings, Inc. entered into a purchase agreement with Lincoln Park Capital Fund, LLC, for the sale of up to $10.0 million of the Company's common stock over a 36-month period, subject to certain conditions and limitations. |
9.7M | 32M |
| Aug 13, 2025 |
10-Q filing | 9.7M shares outstanding |
9.7M | 32M |
| May 13, 2025 |
10-Q filing | 9.7M shares outstanding |
9.7M | 32M |
| Mar 14, 2025 |
10-K filing | 9.4M shares outstanding |
9.4M | 33M |
| Nov 25, 2024 |
S-1/A filing: This prospectus relates to the resale or other disposition from time to time by the selling stockholders identified herein of shares of common stock issuable upon exercise of Common Stock purchase warrants and placement agent Common Stock purchase warrants. |
8.7M | 33M |
| Nov 08, 2024 |
10-Q filing | 8.1M shares outstanding |
8.1M | 34M |
| Nov 08, 2024 |
S-1 filing: This prospectus relates to the resale or other disposition from time to time by the selling stockholders of shares of common stock issuable upon exercise of Common Stock purchase warrants and placement agent Common Stock purchase warrants. |
8.7M | 33M |
| Oct 21, 2024 |
8-K filing: Bullfrog AI Holdings, Inc. completed a registered direct offering and concurrent private placement on October 21, 2024, issuing 862,602 shares of common stock and pre-funded warrants to purchase up to 702,398 shares, along with warrants to purchase 1,565,000 shares of common stock, raising gross proceeds of approximately $3.13 million. ($3.13M proceeds) |
7.4M | 33M |
| Aug 07, 2024 |
10-Q filing | 8.1M shares outstanding |
8.1M | 32M |
| Aug 07, 2024 |
S-3 filing: Bullfrog AI Holdings, Inc. may from time to time sell common stock, preferred stock, warrants, or a combination of these securities, or units, up to a total offering price of $100,000,000. |
7.4M | 33M |
| May 10, 2024 |
10-Q filing | 7.4M shares outstanding |
7.4M | 330K |
| Mar 29, 2024 |
10-K filing | 7.9M shares outstanding |
7.9M | 0 |
| Jan 29, 2024 |
S-1 filing: Bullfrog AI Holdings, Inc. is offering shares of common stock and accompanying warrants in a firm commitment offering, along with pre-funded warrants for certain purchasers. |
6.1M | 1.6M |
| Nov 14, 2023 |
10-Q filing | 6.1M shares outstanding |
6.1M | 0 |
| Aug 14, 2023 |
10-Q filing | 6.1M shares outstanding |
6.1M | 0 |
| May 24, 2023 |
10-Q filing | 6.1M shares outstanding |
6.1M | 0 |
| Apr 25, 2023 |
10-K filing | 6.1M shares outstanding |
6.1M | 0 |
| Feb 21, 2023 |
8-K filing: Bullfrog AI Holdings, Inc. closed a public offering of 1,297,318 units at $6.50 per unit, each unit consisting of one share of common stock, one tradeable warrant, and one non-tradeable warrant; the underwriters exercised their over-allotment option for 306,818 warrants; and an additional 194,598 shares of common stock were issued to the representative. ($8.43M proceeds) |
4M | 0 |
| Feb 13, 2023 |
S-1/A filing: This is a firm commitment initial public offering of 1,317,647 units of Bullfrog AI Holdings, Inc. Each Unit consists of one share of our common stock, one tradeable warrant to purchase one share of common stock at an anticipated exercise price of $7.80 per share, and one non-tradeable warrant to purchase one share of our common stock at an exercise price of $8.125. |
4M | 4M |
| Jan 10, 2023 |
S-1/A filing: This is a firm commitment initial public offering of 1,317,647 units of Bullfrog AI Holdings, Inc, each unit consisting of one share of common stock, one tradeable warrant, and one non-tradeable warrant. |
4M | 4M |
| Dec 08, 2022 |
S-1/A filing: This S-1/A filing is for an initial public offering of 1,317,647 units, with each unit consisting of one share of common stock and one warrant to purchase one share of common stock, along with registration for resale of an aggregate of 1,985,313 shares of common stock and shares of common stock issuable upon the conversion of certain promissory notes and the exercise of certain warrants. |
4M | 1.5M |
| Nov 28, 2022 |
S-1/A filing: This is a firm commitment initial public offering of 1,317,647 units of Bullfrog AI Holdings, Inc. Each Unit consists of one share of common stock and one tradeable warrant to purchase one share of common stock at an anticipated exercise price of $6.75 per share. |
4M | 3M |
| Nov 07, 2022 |
S-1/A filing: This is a firm commitment initial public offering of 1,317,647 units of Bullfrog AI Holdings, Inc., each unit consisting of one share of common stock and one tradeable warrant to purchase one share of common stock at an anticipated exercise price of $6.75 per share. |
4M | 3.4M |
| Oct 19, 2022 |
S-1 filing: This is a firm commitment initial public offering of 1,317,647 units of Bullfrog AI Holdings, Inc., with each unit consisting of one share of common stock and one tradeable warrant to purchase one share of common stock at an anticipated exercise price of $ per share. |
4M | 1.7M |