Item 1.01 Entry into a Material Definitive Agreement
On
The Amendment amends the definition of "Acquiring Person" to increase, solely with respect to Biofrontera AG, the Acquiring Person trigger threshold from 20.00% to 29.96% calculated in the manner set forth in the Amendment. The trigger threshold remains 20.00% for all other persons, including associates and affiliates of Biofrontera AG.
In addition, the Amendment also (1) amends the definition of "Acting in Concert"
to remove provisions that might deem persons to be acting in concert without any
agreement between those persons and (2) extends the expiration date of the
Preferred Stock Purchase Rights to the earlier of (a)
The above description of Amendment No. 1 is qualified in its entirety by reference to the full text of the Amendment, a copy of which is attached hereto as Exhibit 4.1 and incorporated herein by reference.
Item 3.03 Material Modification to Rights of Security Holders.
The information in response to Item 1.01 is incorporated by reference in response to this Item 3.03.
Item 9.01 Financial Statements and Exhibits.
4.1 Amendment No. 1 to the Stockholder Rights Agreement, dated as of
2023, between
Rights Agent 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded
within the inline XBRL document)
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