{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-21-027052","form_type":"8-K","ticker":"BFRI","cik":"0001858685","company_name":"Biofrontera Inc.","filed_at":"2021-11-03T23:59:59+00:00","discovered_at":"2026-05-14T18:04:14.843866+00:00","generated_at":"2026-06-28T14:35:45.395609+00:00","sec_items":["1.01","5.02","5.03","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Biofrontera completes $18M IPO on Nasdaq; net proceeds $15.4M, board expanded with independent directors","bullets":["IPO of 3.6M units at $5.00/unit (1 share + 1 warrant) closed Nov 2, 2021; gross proceeds $18M, net ~$15.4M.","Underwriters exercised full over-allotment for additional 540,000 warrants; warrants have $5.00 exercise price, 5-year term.","Common stock and warrants trade on Nasdaq Capital Market under symbols BFRI and BFRIW.","Board changes: Erica Monaco resigned; John Borer, Beth Hoffman, and Loretta Wedge appointed; Hoffman and Wedge independent.","New directors appointed to audit, nominating, and compensation committees."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-21-027052","json":"https://secwatch.observer/filing/0001493152-21-027052.json","markdown":"https://secwatch.observer/filing/0001493152-21-027052.md","text":"https://secwatch.observer/filing/0001493152-21-027052.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1858685/000149315221027052/0001493152-21-027052-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1858685/000149315221027052/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-28T14:35:45.395609+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"179ab3d3c4","claim":"John J. Borer was appointed as Director at Biofrontera Inc..","evidence_excerpt":"John J. Borer, Beth J. Hoffman, Ph.D, and Loretta M. Wedge, CPA, CCGMA (collectively, the “Directors”) were appointed to the board of directors of the Company","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1858685/000149315221027052/0001493152-21-027052-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"7117804978","claim":"Loretta M. Wedge was appointed as Director at Biofrontera Inc..","evidence_excerpt":"John J. Borer, Beth J. Hoffman, Ph.D, and Loretta M. Wedge, CPA, CCGMA (collectively, the “Directors”) were appointed to the board of directors of the Company","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1858685/000149315221027052/0001493152-21-027052-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"a6885bbe02","claim":"Erica Monaco resigned as Director at Biofrontera Inc..","evidence_excerpt":"Erica Monaco resigned her position on the board of directors of the Company","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1858685/000149315221027052/0001493152-21-027052-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"b23b0f248c","claim":"Beth J. Hoffman was appointed as Director at Biofrontera Inc..","evidence_excerpt":"John J. Borer, Beth J. Hoffman, Ph.D, and Loretta M. Wedge, CPA, CCGMA (collectively, the “Directors”) were appointed to the board of directors of the Company","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1858685/000149315221027052/0001493152-21-027052-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}