Biofrontera closes $4.2M senior secured convertible note with majority shareholders

Biofrontera Inc.

Note principal $4.2M, matures Nov 22, 2027; 10% PIK interest; secured by company assets.
Convertible at $0.78/share at holder's option; automatic if 10-day VWAP > $2.50 and conditions met.
Proceeds to support general operations and strategic investments for 2025 growth.
Covenants restrict liens, dividends, indebtedness, and affiliate transactions subject to exceptions.

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