SCHEDULE 13G/A: AIGH Capital Management and Orin Hirschman Disclose 9.9% Passive Stake in Biofrontera Inc.

AIGH Capital Management LLC and Orin Hirschman have filed an amended Schedule 13G, reporting a passive beneficial ownership of 9.9% of Biofrontera Inc.'s common stock as of December 31, 2024.

Summary

• The filing is an Amendment No. 1 to Schedule 13G for Biofrontera Inc. (Issuer: 09077D209).
• The Reporting Persons are Orin Hirschman, AIGH Capital Management LLC, and AIGH Investment Partners LLC.
• As of December 31, 2024, the Reporting Persons collectively beneficially own 884,563 shares of Biofrontera Inc. common stock.
• This aggregate amount represents 9.9% of the class of Biofrontera Inc.'s common stock.
• The Reporting Persons hold sole voting power over 811,097 shares and sole dispositive power over 884,563 shares.
• The beneficially owned shares include 73,476 common shares issuable upon conversion of 52 Series B2 preferred shares.
• The filing explicitly excludes 2,690,352 common shares issuable upon conversion of 1904 Series B2 preferred shares, 4,589,424 common shares issuable upon conversion of 3248 Series B3 preferred shares, and 2,564,102 common shares issuable upon conversion of a $2,000,000 convertible note, all due to beneficial ownership limitations on exercise or conversion.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of or with the effect of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing (Schedule 13G) disclosing passive beneficial ownership. It does not contain information that would inherently be positive or negative for the company's outlook, thus a neutral score is appropriate.

Stakeholder Impact

• Shareholders: The disclosure of a significant passive stake by AIGH Capital Management and Orin Hirschman provides transparency regarding the ownership structure of Biofrontera Inc.

Key Dates

Keywords

Biofrontera Inc., AIGH Capital Management, Orin Hirschman, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Passive Investment, Equity Stake