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0.0509169250170773 0.0509169250170773 0.0509169250170773 -0.00162892123377649 0.3231044085965 0.261100310020493 0.243234722295202 0.313646156271347
Stock impact report

Delcath Systems Closes $9.5 Million Private Placement

Delcath Systems, Inc. (DCTH) 
US:NASDAQ Investor Relations: delcath.com/investors
Company Research Source: GlobeNewswire
Bringing total financial amount raised since July 2019 to $29.5M Cash runway past top-line results in 1H2020 with NDA submission anticipated by end of 2020 Recapitalization provides possible path to NASDAQ listing NEW YORK, Aug. 20, 2019 (GLOBE NEWSWIRE) --  Delcath Systems, Inc. (“Delcath,” the “Company”, “we”, “our” or “us” (OTCQB: DCTH) has closed on its previously announced private placement with gross proceeds of $9.5 million at a combined price of $1,000 per Unit. Each Unit consists of one preferred share initially convertible into 16,667 shares of common stock at an initial conversion price of $0.06 per share and a common stock purchase warrant. Each whole warrant entitles the holder to purchase one share of common stock at an initial exercise price of $0.06 for a period of five years from the date of the Company’s anticipated reverse stock split. The Company has now raised a total of $29.5 million since July 2019. The offering is being led by fundamental healthca Show less Read more
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