Delcath Systems raises $6.2M in private placement of common stock and pre-funded warrants

DELCATH SYSTEMS, INC.

Issued 1,448,889 shares at $2.90/share and 692,042 pre-funded warrants at $2.89 each (exercise price $0.01).
Gross proceeds $6.2M; net proceeds for working capital and general corporate purposes.
Closing occurred on December 13, 2022; securities unregistered, resale registration to be filed by Feb 6, 2023.
Pre-funded warrants immediately exercisable and exercisable until fully exercised.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

DELCATH SYSTEMS, INC. entered into Securities Purchase Agreement with certain accredited investors valued at gross proceeds from the Private Placement of approximately $6.2 million (effective 2022-12-07).

Action: entry
Agreement: equity purchase
Counterparty: certain accredited investors
Value: gross proceeds from the Private Placement of approximately $6.2 million
Effective: 2022-12-07

Exact text from the filing

On December 7, 2022, Delcath Systems, Inc. ( the “Company”) and certain accredited investors (each an “Investor” and collectively, the “Investors”) entered into a securities purchase agreement (the “Securities Purchase Agreement”)

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DELCATH SYSTEMS, INC. filing history →

Source: SEC EDGAR

accession 0001193125-22-303870

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