Biofrontera Inc. (BFRI) AI Dilution Summary

Cash was $4,659,000 at the 2026-06-30 balance-sheet date against estimated monthly burn of $552,667. Dilution here is driven primarily by the Series C Convertible Preferred Stock: 9,707 preferred shares with a $1,000 stated value per share convert at a fixed $0.6249, yielding 15,533,724 shares at that price. Every stated instrument carries a fixed conversion or exercise price, so no issuable count moves with the share price.