Delcath Systems Inc (DCTH)

[Simsim99]

Leo, Your numbers are a little bit off.
The 38 million prefunded warrants are not included in the total outstanding because those shares are not issued yet. Hence the prefunding. However they are committed shares and therefore in reality it is as if 472 million shares are outstanding.
Also in my reading the prefunded warrants are not subject to those terms of not being executed for 1 year. That relates to the 500 million series d warrants. The 38 million prefunded warrants for shares don’t appear to have any real restriction other than the 9.99% ownership.