Delcath Systems Inc (DCTH)

[Rapture2020]

Actually, they do.

Between DCTH and Purchasers, there is agreement to buy $30M-$50M worth of DCTH stock at $1.75/share. Two conditions precedent were required:

1. DCTH must complete a registration statement; and
2. the SEC must declare the registration effective.

This morning they pulled their former S-1 and submitted the second S-1, satisfying condition 1. Expect SEC to declare the second registration effective.

Purchasers buy between $30-$50M shares of DCTH, providing financial air cover through FDA approval. Last Friday's 8K has all the details.

Oh, and don't worry about the silly band-aid funding applied last week. All that goes away with this long-term deal.

Happy to see the smoke clear. Onward DCTH.