---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-043068"
form_type: "8-K"
ticker: "BFRI"
cik: "0001858685"
company_name: "Biofrontera Inc."
filed_at: "2023-11-29T23:59:59+00:00"
generated_at: "2026-06-07T20:30:48.234281+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Biofrontera receives Nasdaq delisting notice for equity below $2.5M minimum

## Summary
- Stockholders' equity as of Sep 30, 2023 was $1,038,000, below Nasdaq's $2.5M requirement.
- Company also failed alternative compliance metrics: market value of listed securities <$35M and net income.
- No immediate effect on listing; 45 days to submit a compliance plan to Nasdaq.
- If plan accepted, company may have up to 180 days from Nov 22, 2023 to regain compliance.
- If plan rejected, company may appeal to a Nasdaq Hearings Panel.

## SEC filing metadata
- accession: 0001493152-23-043068
- form_type: 8-K
- ticker: BFRI
- cik: 0001858685
- company_name: Biofrontera Inc.
- filed_at: 2023-11-29T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1858685/000149315223043068/0001493152-23-043068-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1858685/000149315223043068/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-043068
- JSON: https://secwatch.observer/filing/0001493152-23-043068.json
- Plain text: https://secwatch.observer/filing/0001493152-23-043068.txt

## Key facts
- Listing & Compliance Notices
  Biofrontera Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: stockholders equity
  - Rules: 5550(b)(1)
  source text: November 22, 2023, Biofrontera Inc. (the “Company”) received a notice (the “Notice”) from the Listing Qualifications staff of The Nasdaq Stock Market (“Nasdaq”) notifying the Company that, because the Company’s stockholders’ equity as reported in its Quarterly Report on Form 10-Q for the period ended September 30, 2023 was $1,038,000, the Company is no longer in compliance with the continued listing requirement under Nasdaq Listing Rule 5550(b)(1), which requires that a listed company’s stockholders’ equity be at least $2,500,000. Additionally, as of the date of the Notice, the Company did not
  evidence_url: https://www.sec.gov/Archives/edgar/data/1858685/000149315223043068/0001493152-23-043068-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.