Biofrontera amends rights agreement: raises trigger for Biofrontera AG to 29.96%, extends expiration to June 2026

Biofrontera Inc.

Amendment increases Acquiring Person trigger for Biofrontera AG from 20% to 29.96% per settlement agreement.
Definition of 'Acting in Concert' revised to remove provisions implying concerted action without explicit agreement.
Rights expiration extended to earlier of June 30, 2026 or day after 2025 annual meeting if no stockholder approval.
All other persons remain subject to 20% trigger threshold; associates/affiliates of Biofrontera AG also at 20%.
Amendment executed on April 26, 2023 between Biofrontera and Computershare as Rights Agent.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Biofrontera Inc. amended Amendment No. 1 to the Stockholder Rights Agreement with Computershare Trust Company, N.A., as Rights Agent (effective 2023-04-26).

Action: amendment
Counterparty: Computershare Trust Company, N.A., as Rights Agent
Effective: 2023-04-26

Exact text from the filing

On April 26, 2023, Biofrontera Inc., a Delaware corporation (the "Company") and Computershare Trust Company, N.A., as Rights Agent, executed Amendment No. 1 to the Stockholder Rights Agreement (the "Amendment"), effective as of April 26, 2023.

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Biofrontera Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-014072

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