Brief: Biofrontera Says Its US Subsidiary Announces $15 Mln Private Placement

Biofrontera AG

29/11/2021 15:27

Nov 29 (Reuters) - BIOFRONTERA AG  B8FGn.DE :
    * BIOFRONTERA INC. ANNOUNCES USD15 MILLION PRIVATE PLACEMENT
    * ANNOUNCES THAT ITS US SUBSIDIARY BIOFRONTERA INC. HAS
ENTERED
INTO A PRIVATE PLACEMENT IN AMOUNT OF USD 15 MILLION (GROSS
PROCEEDS)
    * BIOFRONTERA INC. WILL ISSUE 2,875,143 COMMON SHARES
(NASDAQ:
BFRI) AND WARRANTS TO AN INSTITUTIONAL INVESTOR
    * COMBINED PURCHASE PRICE FOR ONE COMMON SHARE (OR COMMON
SHARE
EQUIVALENT) WITH WARRANT IS USD 5.25
    * PRIVATE PLACEMENT IS EXPECTED TO CLOSE ON OR ABOUT
DECEMBER 1,
2021
    * FOLLOWING A SUCCESSFUL PRIVATE PLACEMENT, BIOFRONTERA AG
WILL
HOLD APPROXIMATELY 52% SHARES IN BIOFRONTERA INC

Source text for Eikon:  ID:nPexGvB7sa 
Further company coverage:  B8FGn.DE 

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