---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-000334"
form_type: "8-K"
ticker: "BFRI"
cik: "0001858685"
company_name: "Biofrontera Inc."
filed_at: "2024-01-03T23:59:59+00:00"
generated_at: "2026-06-07T04:50:37.399144+00:00"
event_type: "litigation"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Biofrontera settles arbitration with Maruho; releases $7.3M repayment obligation

## Summary
- Biofrontera transfers 5,451,016 Biofrontera AG shares to Maruho unit as settlement consideration.
- Maruho releases Biofrontera from $7.3M 'start-up costs' repayment and future profit-sharing payments.
- Mutual releases and dismissal with prejudice of ICC arbitration initiated by Biofrontera in Feb 2023.
- Settlement effective Dec 22, 2023; agreement dated Dec 27, 2023, disclosed in Jan 3, 2024 8-K.

## SEC filing metadata
- accession: 0001493152-24-000334
- form_type: 8-K
- ticker: BFRI
- cik: 0001858685
- company_name: Biofrontera Inc.
- filed_at: 2024-01-03T23:59:59+00:00
- event_type: litigation
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1858685/000149315224000334/0001493152-24-000334-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1858685/000149315224000334/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-000334
- JSON: https://secwatch.observer/filing/0001493152-24-000334.json
- Plain text: https://secwatch.observer/filing/0001493152-24-000334.txt

## Key facts
- Material Agreements
  Biofrontera Inc. entered into Confidential Settlement Agreement and Mutual Release with Maruho Co. Ltd. valued at Transfer of 5,451,016 shares of Biofrontera AG stock to Maruho; release of $7.3 million start-up cos (effective 2023-12-22).
  - Action: entry
  - Agreement: settlement
  - Counterparty: Maruho Co. Ltd.
  - Value: Transfer of 5,451,016 shares of Biofrontera AG stock to Maruho; release of $7.3 million start-up cos
  - Effective: 2023-12-22
  source text: On December 29, 2023, Biofrontera, Inc. (the "Company"), entered into a Confidential Settlement Agreement and Mutual Release (the "Release"), dated as of December 27, 2023 and effective as of December 22, 2023, with Maruho Co. Ltd. ("Maruho"), and a Share Transfer Agreement (the "STA" and, together with the Release, the "Settlement Agreement"), dated as of December 27, 2023 and effective as of December 22, 2023, by and among the Company, Maruho, and Maruho Deutschland GmbH.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1858685/000149315224000334/0001493152-24-000334-index.htm
- Material Agreements
  Biofrontera Inc. entered into Share Transfer Agreement with Maruho Deutschland GmbH valued at Transfer of 5,451,016 shares of Biofrontera AG stock to Maruho; release of $7.3 million start-up cos (effective 2023-12-22).
  - Action: entry
  - Agreement: settlement
  - Counterparty: Maruho Deutschland GmbH
  - Value: Transfer of 5,451,016 shares of Biofrontera AG stock to Maruho; release of $7.3 million start-up cos
  - Effective: 2023-12-22
  source text: On December 29, 2023, Biofrontera, Inc. (the "Company"), entered into a Confidential Settlement Agreement and Mutual Release (the "Release"), dated as of December 27, 2023 and effective as of December 22, 2023, with Maruho Co. Ltd. ("Maruho"), and a Share Transfer Agreement (the "STA" and, together with the Release, the "Settlement Agreement"), dated as of December 27, 2023 and effective as of December 22, 2023, by and among the Company, Maruho, and Maruho Deutschland GmbH.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1858685/000149315224000334/0001493152-24-000334-index.htm

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