---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-012285"
form_type: "8-K"
ticker: "BFRI"
cik: "0001858685"
company_name: "Biofrontera Inc."
filed_at: "2025-05-23T23:59:59+00:00"
generated_at: "2026-05-20T15:26:55.994449+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Biofrontera receives Nasdaq deficiency notice for equity below $2.5M

## Summary
- Stockholders' equity at $469,000, well below Nasdaq's $2.5M minimum requirement.
- Company has 45 days to submit a compliance plan to Nasdaq.
- If plan accepted, Nasdaq may grant up to 180 days from May 21, 2025 to regain compliance.
- Alternative market value or net income criteria also not met.

## SEC filing metadata
- accession: 0001641172-25-012285
- form_type: 8-K
- ticker: BFRI
- cik: 0001858685
- company_name: Biofrontera Inc.
- filed_at: 2025-05-23T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1858685/000164117225012285/0001641172-25-012285-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1858685/000164117225012285/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-012285
- JSON: https://secwatch.observer/filing/0001641172-25-012285.json
- Plain text: https://secwatch.observer/filing/0001641172-25-012285.txt

## Key facts
- Listing & Compliance Notices
  Biofrontera Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1), 5550(b)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: stockholders equity
  - Rules: 5550(b)(1), 5550(b)
  source text: May 21, 2025, Biofrontera Inc. (the “Company”) received a letter (the “Notice”) from The Nasdaq Stock Market (“Nasdaq”) notifying the Company that, because the Company’s stockholders’ equity as reported in its Quarterly Report on Form 10-Q for the period ended March 31, 2025 was $469,000, the Company is no longer in compliance with the continued listing requirement under Nasdaq Listing Rule 5550(b)(1), which requires that a listed company’s stockholders’ equity be at least $2,500,000. Additionally, as of the date of the Notice, the Company did not meet either of the alternative requirements of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1858685/000164117225012285/0001641172-25-012285-index.htm

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