Biofrontera (NASDAQ: BFRI, BFRIW), a biopharmaceutical company specializing in the commercialization of dermatological products, has closed its underwritten initial public offering of 3,600,000 units. According to the update, each unit consisted of (i) one share of common stock and (ii) one warrant to purchase a share of common stock, at a per-unit public offering price of $5.00. The warrants have an exercise price of $5.00 per share and are exercisable for five years after the issuance date. In addition, the underwriters exercised in full their option to purchase up to an additional 540,000 warrants. Roth Capital Partners acted as Joint Book-Running Manager for the offering, which closed on Nov. 2, 2021.
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About Biofrontera Inc.
Biofrontera is a U.S.-based biopharmaceutical company commercializing a portfolio of pharmaceutical products for the treatment of dermatological conditions with a focus on the fields of photodynamic therapy (“PDT”) and topical antibiotics. The company’s licensed products focus on the treatment of actinic keratoses, which are pre-cancerous skin lesions, as well as impetigo, a bacterial skin infection. For more information about the company, visit www.Biofrontera.com.
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