Biofrontera Inc. Faces Nasdaq Delisting Threat Due to Non-Compliance with Minimum Bid Price Rule

Reuters
05-15
<a href="https://laohu8.com/S/BFRI">Biofrontera Inc</a>. Faces Nasdaq Delisting Threat Due to Non-Compliance with Minimum Bid Price Rule

Biofrontera Inc., a Delaware corporation, has announced a regulatory issue concerning its listing on The Nasdaq Capital Market. On May 8, 2025, the company received a notification from Nasdaq indicating non-compliance with Listing Rule 5550(a)(2) due to its common stock's closing bid price being below $1.00 per share for 33 consecutive business days. While this notice does not immediately affect the trading of Biofrontera's securities, the company has been granted a 180-day period, until November 5, 2025, to regain compliance by achieving a minimum closing bid price of $1.00 per share for at least 10 consecutive business days. If necessary, Biofrontera may seek additional time to rectify the issue, potentially through a reverse stock split. The company is actively monitoring the situation and exploring options to resolve the deficiency. However, there is no guarantee of regaining compliance or meeting other listing requirements.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Biofrontera Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-010330), on May 14, 2025, and is solely responsible for the information contained therein.

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