Brief: Biofrontera Announces IPO of Biofrontera Inc.

Biofrontera AG

29/10/2021 07:03

Oct 29 (Reuters) - BIOFRONTERA AG  B8FGn.DE :
    * ANNOUNCED THAT ITS US-SUBSIDIARY BIOFRONTERA INC. INTENDS
TO
RAISE CAPITAL BY MEANS OF AN INITIAL PUBLIC OFFERING
    * BIOFRONTERA INC. ANNOUNCED THAT UP TO 3,565,000 UNITS
("UNITS")
CONSISTING OF ONE NEW BIOFRONTERA INC. SHARE AND ONE WARRANT
ENTITLING HOLDER TO ONE ADDITIONAL NEW BIOFRONTERA INC. SHARE
SHALL BE OFFERED IN IPO
    * BIOFRONTERA INC. HAS NOW SET THAT 3,600,000 UNITS TO BE
OFFERED
AT PUBLIC OFFERING PRICE OF USD 5.00 PER UNIT, OF WHICH USD 4.99
PER UNIT IS ALLOCATED TO ONE SHARE AND USD 0.01 PER UNIT IS
ALLOCATED TO ONE WARRANT
    * BIOFRONTERA INC. EXPECTS GROSS PROCEEDS FROM IPO, BEFORE
DEDUCTION OF UNDERWRITING DISCOUNTS AND COMMISSIONS AND OFFERING
EXPENSES, TO BE USD 18,000,000

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nPex1qQkSa
 Further company coverage:  B8FGn.DE  

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