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0.0199997644315144 0.0365013368511561 0.0145581324130457 -0.0306356815585211 -0.05419253012332 0.0942156158349137 0.0730026737023121 -0.00295638449488229
Stock impact report

Biofrontera Inc. Pricing of $15 Million Private Placement Priced At-the-Market Under Nasdaq Rules [MarketWatch]

Biofrontera Inc. (BFRI) 
Company Research Source: MarketWatch
announced today that it has entered into a securities purchase agreement with a single institutional investor for the purchase of 2,857,143 shares of its common stock (or common stock equivalents in lieu thereof) and warrants to purchase up to an aggregate of 2,857,143 shares of common stock, in a private placement. The combined purchase price for one share of common stock (or common stock equivalent) and a warrant to purchase one share of common stock is $5.25, priced at-the-market under Nasdaq rules. The warrants have an exercise price of $5.25 per share, will be immediately exercisable, and will expire five years from the issuance date. Roth Capital Partners and The Benchmark Company are acting as the exclusive placement agents for the private offering. The gross proceeds from the private placement offering are expected to be approximately $15 million. The private offering is expected to close on or about December 1, 2021, subject to the satisfaction of customary closing condit Show less Read more
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