Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
DELCATH SYSTEMS, INC.: Filed Certificate of Designation for Series F Preferred Stock, establishing rights and preferences of four new series of preferred stock (effective 2023-03-28).
- Change
- charter amendment
- Effective
- 2023-03-28
Exact text from the filing
Pursuant to the terms of the Preferred Purchase Agreement, on March 28, 2023, the Company filed the Certificate of Designation with the Delaware Secretary of State designating 24,900 shares of its authorized and unissued preferred stock as Series F-1 Preferred Stock, 24,900 shares as Series F-2 Preferred Stock, 34,860 shares as Series F-3 Convertible Preferred Stock and 24,900 shares as Series F-4 Convertible Preferred Stock
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
DELCATH SYSTEMS, INC. entered into Common Purchase Agreement with Gerard Michel valued at approximately $100,000 (effective 2023-03-27).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- Gerard Michel
- Value
- approximately $100,000
- Effective
- 2023-03-27
Exact text from the filing
On March 27, 2023, the Company entered into a securities purchase agreement (the “ Common Purchase Agreement ”) with the Company’s Chief Executive Officer, Gerard Michel (the “ Common Investor ”), pursuant to which the Company agreed to issue and sell, in a private placement (the “ Common Offering ”), (i) 19,646 shares of Common Stock (the “ Shares ”), (ii) tranche A warrants (“ Common Tranche A Warrant”) to acquire Common Stock, tranche B warrants (the “ Common Tranche B Warrant ”, together with the Common Tranche A Warrant, the “ Common Warrants ”) to acquire shares of Common Stock for an approximate aggregate offering price of $100,000.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
DELCATH SYSTEMS, INC. entered into Preferred Purchase Agreement with certain accredited investors valued at approximately $24.9 million (effective 2023-03-27).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- certain accredited investors
- Value
- approximately $24.9 million
- Effective
- 2023-03-27
Exact text from the filing
On March 27, 2023, Delcath Systems, Inc. (the “ Company ”) entered into a securities purchase agreement (the “ Preferred Purchase Agreement ”) with certain accredited investors (the “ Preferred Investors ”), pursuant to which the Company agreed to issue and sell, in a private placement (the “ Preferred Offering ”), (i) 24,900 shares of Series F-1 Convertible Preferred Stock, par value $0.01 per share (the “ Series F-1 Preferred Stock ”), (ii) tranche A warrants (the “ Preferred Tranche A Warrant ”) to acquire shares of Series F-3 Preferred Stock, par value $0.01 per share (the “ Series F-3 Preferred Stock ”) and (iii) tranche B warrants (the “ Preferred Tranche B Warrant ,” together with the Preferred Tranche A Warrant, the “ Preferred Warrants ”) to acquire shares of Series F-4 Preferred Stock, par value $0.01 per share (the “ Series F-4 Preferred Stock ” and together with the Series F-3 Preferred Stock, the “ Preferred Warrant Shares ”) for an aggregate offering price of $24.9 millio
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