Biofrontera issues $4.2M in 10% secured convertible notes due 2027

Biofrontera Inc.

$4.2M private placement of 10% Senior Secured Convertible Notes due Nov 22, 2027 to principal stockholders.
Notes convertible at $0.78/share; automatic conversion if 10-day VWAP exceeds $2.50.
Interest at 10% payable quarterly by increasing principal; rises to 15% on default.
Notes secured by substantially all assets; proceeds for operations and strategic initiatives.
No company redemption option; holder may require repurchase at 100% principal plus interest upon default.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.