Item 5. Market for Registrant’s Common Equity
Item
5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market
Information
Our
common stock is traded on the NASDAQ Capital Market, under the symbol “ BFRI ,” and our warrants are traded on the NASDAQ
Capital Market, under the symbol “ BFRIW .”
Holders
As
of December 31, 2022, there were three holders of record of our common stock. Holders
of record are defined as those stockholders whose shares are registered in their names in our stock records and do not include beneficial
owners of common stock whose shares are held in the names of brokers, dealers or clearing agencies.
Dividend
Policy
We
have never declared or paid any cash dividends on our common stock. We currently anticipate that we will retain all future earnings for
the operation of our business, and we do not currently intend to pay any cash dividends on our common stock in the foreseeable future.
Securities
Authorized for Issuance Under Equity Compensation Plans
The
information required by this Item 5 regarding securities authorized for issuance under our equity compensation plan is contained under
the caption “Securities Authorized for Issuance Under Equity Compensation Plan” in Item 12 of this Form 10-K, which information
under such caption is incorporated herein by reference.
Recent
Sales of Unregistered Securities
We do not have any sales of unregistered securities
to report that have not been previously included in a Quarterly Report on Form 10-Q or in a Current Report on Form 8-K.
Issuer
Purchases of Equity Securities
There
were no repurchases made by us, or on our behalf, of shares of our common stock during the year ended December 31, 2022.
45
Use
of Proceeds
Use
of Proceeds from our Initial Public Offering
On
October 28, 2021, our registration statement on Form S-1 (File No. 333-257722) relating to the initial public offering (“IPO”)
of our common stock became effective.
As
of December 31, 2022, we have used all of the proceeds received from our IPO for working capital and general corporate purposes. There
was no material change in the planned use of proceeds from the IPO of our common stock from that described in the Prospectus filed with
SEC pursuant to rule 424b(4) under the Securities Act on November 1, 2021.
Item
6. [Reserved]
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