Biofrontera Inc. (BFRI) Prices 3.42M Share Private Placement at $2.75/sh

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Go back to Biofrontera Inc. (BFRI) Prices 3.42M Share Private Placement at $2.75/sh

Biofrontera Inc. Announces Pricing of $9.4 Million Private Placement

May 16, 2022 8:00 AM EDT

WOBURN, MA., May 16, 2022 (GLOBE NEWSWIRE) -- Biofrontera, Inc. (Nasdaq: BFRI; BFRIW), announced today that it has entered into a securities purchase agreement with a single institutional investor for the purchase of 3,419,000 shares of its common stock (or common stock equivalents in lieu thereof) and warrants to purchase up to an aggregate of 3,419,000 shares of common stock, in a private placement. The purchase price for one share of common stock (or common stock equivalent) and a warrant to purchase one share of common stock is $2.75. The warrants have an exercise price of $2.77 per share, will... More