UPDATE: Biofrontera AG (BFRA) Prices 1.33M ADS Offering at $6.68/ADS

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Go back to UPDATE: Biofrontera AG (BFRA) Prices 1.33M ADS Offering at $6.68/ADS

Biofrontera AG Announces Pricing of US$8.9 Million Firm Commitment Public Offering of American Depositary Shares

February 23, 2021 7:54 PM EST

NOT FOR DISTRIBUTION OUTSIDE THE UNITED STATES

Leverkusen, Germany, Feb. 23, 2021 (GLOBE NEWSWIRE) -- Biofrontera AG (NASDAQ: BFRA; Frankfurt Stock Exchange: B8F) (Biofrontera or the Company), an international biopharmaceutical company, today announced the pricing of a U.S. underwritten public offering of 1,334,002 American Depositary Shares, or ADSs, at an offering price of $6.68 per ADS. Each ADS represents two of Biofronteras ordinary shares, nominal value 1.00 per share.

The Company expects to receive aggregate gross proceeds of approximately $8.9 million from this offering, before deducting underwriting discounts,... More