BullFrog AI Holdings, Inc. (BFRG) received a non-compliance letter from The Nasdaq Stock Market LLC on August 21, 2025, for failing to meet the minimum stockholders equity requirement of $2,500,000 under Nasdaq Listing Rule 5550(b)(1). The company requested a hearing before an independent Nasdaq Hearings Panel, which stayed any suspension or delisting action. Since requesting the hearing, BullFrog AI completed sales of its common stock under an existing at-the-market sales agreement and an equity line of credit facility. These transactions generated aggregate net proceeds of at least $3.45 million. As of March 31, 2026, the company believes its stockholders equity now exceeds $2.5 million, bringing it into compliance with the Nasdaq requirement.