BullFrog AI Holdings, Inc. 8-K

What Happened
BullFrog AI Holdings, Inc. (BFRG) reported that Nasdaq has determined the company failed to meet the minimum stockholders’ equity requirement and has notified the company that its securities are subject to delisting. The company first received a non-compliance notice on August 21, 2025 (Nasdaq Listing Rule 5550(b)(1) requires $2,500,000 minimum stockholders’ equity). BullFrog submitted a compliance plan on September 30, 2025; Nasdaq granted an extension on October 7, 2025 to February 17, 2026. On February 19, 2026 Nasdaq informed the company it had not met the terms of that extension. BullFrog intends to timely request a hearing before an independent Nasdaq Hearings Panel, which will automatically stay any delisting action pending the hearing.

Key Details

• Nasdaq Listing Rule referenced: 5550(b)(1) — $2,500,000 minimum stockholders’ equity requirement.
• Timeline: initial notice Aug 21, 2025; compliance Plan filed Sep 30, 2025; extension granted Oct 7, 2025 to Feb 17, 2026; further notice of noncompliance received Feb 19, 2026.
• Company action: intends to request a hearing before a Nasdaq Hearings Panel and will present additional details of its Plan and seek more time.
• Potential impact described in filing: delisting would make buying/selling the stock and warrants harder, could reduce price and impair ability to raise capital.

Why It Matters
A Nasdaq delisting or suspension would materially affect retail investors by reducing liquidity and potentially lowering the market value of BullFrog AI’s common stock and warrants. The hearing request pauses any immediate delisting, but there is no assurance the Panel will grant more time or that the company will regain compliance. Investors should monitor future filings for the outcome of the hearing and any updates to the company’s compliance plan. The 8-K also includes the company’s forward‑looking statement caution that outcomes are uncertain.