BullFrog AI Holdings, Inc. (BFAI) plans to raise $8 million in an initial public offering (IPO) on Tuesday, November 8th, IPO Scoop reports. The company will be issuing 1,300,000 shares at a price of $6.38 per share.
WallachBeth Capital and ViewTrade Securities served as the underwriters for the IPO.
BullFrog AI Holdings, Inc. provided the following description of their company for its IPO: “(Note: This is a unit IPO of 1.32 million units at $6.375 per unit. Each unit consists of one share of our common stock and one tradeable warrant to buy one share of common stock. A 1-for-7 reverse stock split will take place before the IPO closes.) We use artificial intelligence and machine learning to advance medicines for both internal and external projects.
