---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-047928"
form_type: "8-K"
ticker: "BFRI"
cik: "0001858685"
company_name: "Biofrontera Inc."
filed_at: "2024-11-27T23:59:59+00:00"
generated_at: "2026-05-29T15:18:19.299167+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0001493152-24-047928
- form_type: 8-K
- ticker: BFRI
- cik: 0001858685
- company_name: Biofrontera Inc.
- filed_at: 2024-11-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1858685/000149315224047928/0001493152-24-047928-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1858685/000149315224047928/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-047928
- JSON: https://secwatch.observer/filing/0001493152-24-047928.json
- Plain text: https://secwatch.observer/filing/0001493152-24-047928.txt

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