m_and_a
confidence high
sentiment neutral
materiality 0.85
Biofrontera acquires U.S. rights to Ameluz/RhodoLED from Biofrontera AG; raises $11M via Series C preferred
Biofrontera Inc.
- Acquired all U.S. rights to Ameluz and RhodoLED from Biofrontera AG; will pay royalty of 12% or 15% based on $65M revenue threshold.
- Biofrontera AG receives 3,109 Series D Convertible Preferred shares (10% post-money equity stake) as part of consideration.
- Private placement of up to 11,000 Series C Preferred shares at $1,000 each for gross proceeds of up to $11.0M to fund the deal.
- Initial closing of $8.5M expected July 1, 2025; subsequent closing of $2.5M expected by September 30, 2025.
- Conversion and voting rights of both preferred series are subject to stockholder approval under Nasdaq rules.
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