Biofrontera Inc. ($BFRI)

Thank you. Good morning. I'm Herman Debert, Chief Executive Officer and Chairman of Biofrontera Inc. and will be presiding over today's meeting of stockholders. On behalf of the company, I want to welcome you to this Annual Meeting of Stockholders, which is now formally called to order. We are very pleased to have each of you in attendance today. I would like to take this opportunity to introduce the directors of the company in attendance by remote communication. With us today from our Board of Directors are John Warren, Bethoven and Hike Long Creek. Also present here today is Fred Leffler, our Chief Financial Officer; George Chan, our Chief Commercial Officer; Michael Cohen and Christopher Caso level both of CellCPAs and our independent auditors Obert Lam and Christopher Seifter, both of Gunston, Yole and Stewart, our Legal Counsel; Dan Harkinson, our Corporate Counsel, who will serve as Secretary of the meeting. I'm Gary Biver of Computershare, who will serve as inspector of elections of the meeting. Mr. Bevan has previously taken an oath as inspector of elections, and a copy of that oath will be filed with the minutes of this meeting. Our auto business this morning will be to hear the proposals to be considered, collect the votes and then review a preliminary report from the inspector of elections about the results. We will address questions regarding each of the proposals after all proposals have been presented. Computershare has delivered an affidavit of mailing, investing as to the mailing on May 1. Of the notice of the meeting and the proxy card to each stockholder of record of capital stock of the company as of the close of business on April 21, 2026, the record date for the meeting. A copy of that affidavit will be attached to the minutes of the meeting. As of the record stage, there were 16,750,83 eligible votes to be cast at this meeting. We have been informed by the inspector of elections that there have been at least 11,630,133 votes cast or approximately 69.4% of the total eligible votes. This represents more than 1/3 of the voting power of all issued and outstanding shares of stock entitled to vote on the record date. Therefore, this meeting has been duly called and a comes present. We will now proceed with the formal business of our meeting. In accordance with Steve, the polls for all matters upon which award will be taken, shall open at the present time, and to close after the presentation of all proposals set forth in our proxy statement filed with the Securities and Exchange Commission on April 30, 2026, and the completion of all discussions on these proposals. Only business brought before this meeting by or at the direction of our Board of Directors or properly brought by a stockholder may be considered. The only items of business properly noticed and bought before this meeting by the Board are the following 3 proposals to be voted on by the stockholders each of which is more fully described in the proxy statement previously mentioned. One, the first proposal is the election of Bethoven and Kevin Weber as Class II directors to serve until the 2029 Annual Meeting of Stockholders and until either office or her successors have been elected and qualified or until his or her earlier death, resignation or removal. The second proposal is to approve an amendment and restatement of the company's 2021 Omnibus incentive plan to, in part, increased the number of shares of the company's common stock authorized for issuance under by 5 million shares on 3,750,000 shares to 8,750 000 shares. The third proposal is to ratify the appointment of CPC as the company's independent registered public accounting firm for the fiscal year ending December 31, 2026. All stockholders of record as of April 21, 2026, a who are registered holders with Computershare or who have submitted to computer share a legal proxy from the broker or bank are entitled to vote at this virtual meeting and have the ability to do so online. If there is any such stockholder who has not voted by proxy and now wants to vote or who has previously voted by proxy but now wants to change their vote, you may now vote online by following these actions available on the virtual meeting website. If you have already sent in your proxy card or otherwise voted over the Internet or by phone, and do not want to change your vote, you do not need to do anything now. We will now address any proper business relating to these proposals. If you have a question specific to the proposals being voted on, please submit it by selecting the Q&A icon on the virtual meeting website and typing your question into the chat box that appears on the screen. For the rules of conduct, each stockholder shall be limited to a total of 2 questions during the meeting, regardless of topic. [Voting]

I have to see if no questions. And at this time, 10 a.m., I'm going to officially close the polls. I want to thank everyone for your participation. I now ask the inspector of elections to provide a preliminary report on the board. Any votes cast during this virtual meeting before the polls closed but not reflected in the preliminary report will be reflected in the final report of the inspector, which will be included in the minutes of the meeting. We have been informed by the inspector of elections that the preliminary vote report shows 1 that best of man and Kevin Weber have been elected as Class 2 directors; two, but the amendment and restatement of the 2021 Omnibus incentive plan has been approved. And finally, that the proposal to ratify the appointment of CBS CPI PC as the company's independent registered public accounting firm for the year ending December 31, 2020, has been approved. As required by SEC Woods, we will publish final voting results in a current form report on Form 8-K. There being no further questions or business to come before the meeting, the Annual Meeting of Stockholders of Frontera Inc. is now adjourned. We thank you for your attendance today and continued support.

Thank you, and have a great day. This concludes the meeting. You may now disconnect.