Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
- Peter Lynch
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. __)
BIOFRONTERA INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.001 PER SHARE
(Title of Class of Securities)
09077D209
(CUSIP Number)
February 22, 2024
(DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ Rule 13d-1(c)
| * | The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. |
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
(Continued on following page(s)
Page 1 of 5 Pages
| CUSIP No. 09077D209 | 13G | Page 2 of 5 Pages |
| 1. NAMES OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON | ||
| The Hewlett Fund LP | ||
| 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: | ||
| (a) ☐ | ||
| (b) ☐ | ||
| 3. SEC USE ONLY | ||
| 4. CITIZENSHIP OR PLACE OF ORGANIZATION | ||
| New York | ||
| 5. SOLE VOTING POWER, NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON – 504,168 Shares of Common Stock (1) | ||
| 6. SHARED VOTING POWER - None | ||
| 7. SOLE DISPOSITIVE POWER – 504,168 Shares of Common Stock (1) | ||
| 8. SHARED DISPOSITIVE POWER – None | ||
| 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON - | ||
| 504,168 Shares of Common Stock (1) | ||
| 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐ | ||
| 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | ||
| 9.9% | ||
| 12. TYPE OF REPORTING PERSON | ||
| PN | ||
| (1) | Based on 5,089,413 shares outstanding as of February 22, 2024 |
| CUSIP No. 09077D209 | 13G | Page 3 of 5 Pages |
ITEM 1 (a) NAME OF ISSUER: Biofrontera Inc.
ITEM 1 (b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
120 Presidential Way, Suite 330, Woburn, MA 01801
ITEM 2 (a) NAME OF PERSON FILING: The Hewlett Fund LP
ITEM 2 (b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
100 Merrick Road, Suite 400W, Rockville Centre, NY 11570
ITEM 2 (c) CITIZENSHIP: New York
ITEM 2 (d) TITLE OF CLASS OF SECURITIES: Common Stock, par value $0.001 per share
ITEM 2 (e) CUSIP NUMBER: 09077D209
ITEM 3 IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B) OR 13D-2(B): Not applicable
ITEM 4 OWNERSHIP
(a) AMOUNT BENEFICIALLY OWNED: 504,168 Shares of Common Stock (1)
(b) PERCENT OF CLASS: 9.9% (1)
(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
(i) SOLE POWER TO VOTE OR DIRECT THE VOTE
504,168 Shares of Common Stock (1)
(ii) SHARED POWER TO VOTE OR DIRECT THE VOTE
0 Shares
(iii) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF
504,168 Shares of Common Stock (1)
(iv) SHARED POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF
0 Shares
| CUSIP No. 09077D209 | 13G | Page 4 of 5 Pages |
ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
Not applicable
ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Not applicable
ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Not applicable
ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF A GROUP
Not applicable
ITEM 9 NOTICE OF DISSOLUTION OF GROUP
Not applicable
| CUSIP No. 09077D209 | 13G | Page 5 of 5 Pages |
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
| May 7, 2024 | |
| (Date) | |
| /s/ Martin Chopp | |
| (Signature) | |
| Martin Chopp, General Partner | |
| (Name/Title) |