BullFrog AI Reports Nasdaq Bid-Price Noncompliance, May Pursue Reverse Split

What Happened

• BullFrog AI Holdings, Inc. (BFRG) filed an 8-K reporting that Nasdaq notified the company of a deficiency because its closing bid price was below the $1.00 minimum required for continued listing. The company received the initial notice on February 10, 2026 and was given a 180-day cure period ending August 10, 2026. On August 18, 2026, Nasdaq granted a second 180-day compliance period, extending the deadline to February 8, 2027. The company told Nasdaq it may effect a reverse stock split if the deficiency is not cured organically.

Key Details

• Nasdaq initial notice: February 10, 2026; initial compliance period: 180 days (through August 10, 2026).
• Nasdaq granted an additional 180 days on August 18, 2026; new deadline: February 8, 2027.
• Stockholder approval already obtained (Oct 2025) to implement a reverse split in a ratio between 1-for-2 and 1-for-15, to be determined by the board.
• Nasdaq will confirm compliance if the closing bid is at least $1.00 for a minimum of 10 consecutive business days (the Staff may require up to ~20 days); failure to regain compliance by Feb 8, 2027 may lead to delisting with appeal rights.

Why It Matters

• Continued listing on Nasdaq depends on meeting the $1.00 minimum bid-price rule. If BullFrog AI fails to regain compliance by the February 8, 2027 deadline, its common stock could be delisted, which can reduce liquidity and make trading and capital raising more difficult. The company has a pre-approved reverse split range it could use to raise the per-share price, but there is no assurance the split or other actions will restore compliance.