Biofrontera Inc 8-K/A, filed Jan 9, 2024
Biofrontera Inc. (BFRI)
About this 8-K/A
Biofrontera Inc filed this 8-K/A on January 9, 2024, reporting on events of December 21, 2023.
Items reported
- Item 1.02: Ended a material agreement
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
(
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Explanatory Note
This Amendment No. 1 on Form 8-K/A (this “Amendment”) is being filed by Biofrontera Inc. (the “Company”) to amend the Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission on December 28, 2023 (the “Original Form 8-K”). The Original Form 8-K reported, among other things, that the Company was in the process of terminating the revolving line of credit between the Company and MidCap Business Credit LLC (“MidCap”) that provided for maximum borrowings of $6.5 million, subject to a borrowing base and an availability block (the “MidCap Loan Agreement”). At the time of the Original Form 8-K, the Company had not finalized the termination of the MidCap Loan Agreement. The Amendment is being filed solely to report the completion of such termination. Other than providing the additional information, no other disclosure in the Original Form 8-K is amended, updated, or changed by this Form 8-K/A.
| Item 1.02 | Termination of a Material Definitive Agreement |
Effective as of January 4, 2024, the Company terminated the MidCap Loan Agreement. In connection with the termination, the Company paid a $150,000 prepayment fee to MidCap. As reported in the Original Form 8-K, the Company terminated the MidCap Loan Agreement in connection with entering into Agreement A and Agreement B (each as defined in the Original Form 8-K).
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| January 9, 2024 | Biofrontera Inc. |
| (Date) | (Registrant) |
| /s/ E. Fred Leffler III | |
| E. Fred Leffler, III | |
| Chief Financial Officer |