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Delcath Announces Relisting on OTCQB

DELCATH SYSTEMS INC COMMON (DCTH)  More Company Research Source: GlobeNewswire
US:NASDAQ Investor Relations: delcath.com/investors
PDF NEW YORK, Sept. 13, 2017 (GLOBE NEWSWIRE) -- Delcath Systems, Inc. (NASDAQ:DCTH), an interventional oncology company focused on the treatment of primary and metastatic liver cancers, announces that its Board of Directors has approved the voluntary delisting from NASDAQ. As a result of the shareholder non-approval of its reverse stock split last week by the requisite vote required under Delaware law, the Company does not meet the requirements for continued listing on the Nasdaq Capital Market.  Last week, shareholders holding 223.4 million shares or 43.7% of the issued and outstanding stock on the record date approved the measure; however, due to the number of non-voting shares the proposal did not meet Delaware standards for approval.  The Company plans to file a Form 25 with the Securities and Exchange Commission (the "SEC") approximately 10 days after the date hereof and expects that its common shares will cease trading on NASDAQ on or about September 22, 2017. In preparation for [Read more]

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