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Biofrontera AG announces the closing of the capital raise with gross proceeds of EUR 24.7 million


Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Biofrontera AG announces the closing of the capital raise with gross proceeds of EUR 24.7 million
Biofrontera AGFebruary 26, 2021 GMT
Leverkusen, Germany, Feb. 26, 2021 (GLOBE NEWSWIRE) Biofrontera AG (NASDAQ: BFRA; Frankfurt Stock Exchange: B8F) (“Biofrontera” or the “Company”), an international biopharmaceutical company, announces the closing of the capital increase resolved by the annual general meeting on May 28, 2020.
The capital increase was carried out by way of a subscription rights offering to existing shareholders of Biofrontera AG under German law. Unsubscribed shares were placed in the course of a public offering of American Depositary Shares (“ADS” and “ADS Offering”) in the United States. The Company raised total gross proceeds of approximately EUR 24.7 million. ....

New York , United States , Pamela Keck , Thomas Schaffer , Quirin Privatbank , Hemmelrather Weg , Company Llc Capital , Federal Reserve Bank , Frankfurt Stock Exchange Prime Standard , Frankfurt Stock Exchange , Exchange Commission , Biofrontera Group , American Depositary Shares , Benchmark Company , Lake Street Capital Markets , Global Coordinator , European Bookrunner , Subscription Agent , Germany Telephone , Chief Financial Officer , Prime Standard , Looking Statements , Private Securities Litigation Reform Act , Registration Statement , Government Regulations , Sec Filings ,

Biofrontera AG: Biofrontera AG announces the closing of the capital raise with gross proceeds of EUR 24.7 million


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Biofrontera AG: Biofrontera AG announces the closing of the capital raise with gross proceeds of EUR 24.7 million
Leverkusen (pta046/26.02.2021/15:20) - Leverkusen, Germany, February 26, 2021- Biofrontera AG (NASDAQ: BFRA; Frankfurt Stock Exchange: B8F) ( Biofrontera or the Company ), an international biopharmaceutical company, announces the closing of the capital increase resolved by the annual general meeting on May 28, 2020.
The capital increase was carried out by way of a subscription rights offering to existing shareholders of Biofrontera AG under German law. Unsubscribed shares were placed in the course of a public offering of American Depositary Shares ( ADS and ADS Offering ) in the United States. The Company raised total gross proceeds of approximately EUR 24.7 million. ....

New York , United States , Pamela Keck , Thomas Schaffer , Quirin Privatbank , Hemmelrather Weg , Company Llc Capital , Federal Reserve Bank , Frankfurt Stock Exchange Prime Standard , Frankfurt Stock Exchange , Exchange Commission , Biofrontera Group , American Depositary Shares , Benchmark Company , Lake Street Capital Markets , Global Coordinator , European Bookrunner , Subscription Agent , Germany Telephone , Chief Financial Officer , Prime Standard , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , பமீலா கேக்க் , தாமஸ் ஶேஃபர் , நிறுவனம் லல்க் மூலதனம் ,