Delcath Systems Inc (DCTH)

[Rymankoly]

Item 1.01. Entry Into a Material Definitive Agreement
On February 22, 2017, Delcath Systems, Inc. (the “Company”) and holders of greater than 55% of the aggregate principal amount (the “Required Holders”) of the Company’s Senior Secured Convertible Notes due December 29, 2017 (the “Notes”) agreed to temporarily reduce the conversion price for conversions at the option of the holders of Notes (the “Conversion Price”) to $0.14 per share of the Company’s common stock, for a period commencing on February 23, 2017 and ending on March 2, 2017 (the “Reduced Conversion Period”).
The Required Holders also agreed to certain volume limitations on sales of the Company’s common stock thereby during the Reduced Conversion Period.

Item 8.01. Other Events.
The reduction of the Conversion Price may result in the issuance of a substantial number of shares of the Company’s common stock. As of the close of business on February 21, 2017, there were 40,049,740 shares of the Company’s common stock outstanding.