---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-080510"
form_type: "8-K"
ticker: "DCTH"
cik: "0000872912"
company_name: "DELCATH SYSTEMS, INC."
filed_at: "2023-03-27T23:59:59+00:00"
generated_at: "2026-06-17T16:03:11.918895+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Delcath Systems secures up to $85M financing led by Vivo Capital, $25M upfront

## Summary
- Financing includes $24.9M in Series F Convertible Preferred and two warrant tranches totaling $59.8M.
- Tranche A warrants ($34.9M) exercisable until 3/31/2026 or 21 days after FDA approval of HEPZATO.
- Tranche B warrants ($24.9M) exercisable until 3/31/2026 or 21 days after $10M quarterly HEPZATO revenue.
- Conversion and exercise require stockholder approval; funding expected to cover through PDUFA date of Aug 14, 2023 and commercialization.
- Participants include Vivo Capital, Logos Capital, BVF Partners, Stonepine Capital, Serrado Capital, and existing investor Rosalind Advisors.

## SEC filing metadata
- accession: 0001193125-23-080510
- form_type: 8-K
- ticker: DCTH
- cik: 0000872912
- company_name: DELCATH SYSTEMS, INC.
- filed_at: 2023-03-27T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/872912/000119312523080510/0001193125-23-080510-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/872912/000119312523080510/d382414d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-080510
- JSON: https://secwatch.observer/filing/0001193125-23-080510.json
- Plain text: https://secwatch.observer/filing/0001193125-23-080510.txt

## Key facts
- Earnings Releases
  DELCATH SYSTEMS, INC. reported financial results for the fiscal quarter and year ended December 31, 2022.
  - Period: the fiscal quarter and year ended December 31, 2022
  - Result: reported results
  source text: On March 27, 2023, Delcath Systems, Inc. (the “Company”) issued a press release, furnished as Exhibit 99.1 and incorporated in this Item 2.02 by reference, announcing its financial results for the fiscal quarter and year ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/872912/000119312523080510/0001193125-23-080510-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.