Delcath Systems Inc (DCTH)

[Rapture2020]

There are two components of the deal. I am not sure I understand the first part other than what amounts to short term spending, where they exchanged a million shares for $3 million bucks —I assume to keep the the lights on.

Beginning in July, they buy at offering $1.75 share. Afterwards, the second phase kicks in and they are committed to buy either $1M every two weeks or 20% of total dollar volume in preceding 5 business days every two weeks. Also at $1.75 share.

At least that’s how I think it’s going to work, lol.