---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-047306"
form_type: "8-K"
ticker: "BFRI"
cik: "0001858685"
company_name: "Biofrontera Inc."
filed_at: "2024-11-22T23:59:59+00:00"
generated_at: "2026-05-29T19:57:05.733923+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-047306
- form_type: 8-K
- ticker: BFRI
- cik: 0001858685
- company_name: Biofrontera Inc.
- filed_at: 2024-11-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1858685/000149315224047306/0001493152-24-047306-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1858685/000149315224047306/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-047306
- JSON: https://secwatch.observer/filing/0001493152-24-047306.json
- Plain text: https://secwatch.observer/filing/0001493152-24-047306.txt

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