4//SEC Filing
MICHEL GERARD J 4
Accession 0001415889-24-025566
CIK 0000872912other
Filed
Oct 22, 8:00 PM ET
Accepted
Oct 23, 4:17 PM ET
Size
8.3 KB
Accession
0001415889-24-025566
Insider Transaction Report
Form 4
MICHEL GERARD J
DirectorCHIEF EXECUTIVE OFFICER
Transactions
- Exercise/Conversion
Tranche B Warrants to Purchase Common Stock
2024-10-22$0.13/sh−16,666$2,083→ 0 totalExercise: $6.00From: 2023-03-29→ Common Stock (16,666 underlying) - Exercise/Conversion
Common Stock
2024-10-22$6.00/sh+16,666$99,996→ 319,334 total
Footnotes (3)
- [F1]Immediately exercisable.
- [F2]The Tranche B Warrants expire the earlier of (i) twenty-one (21) days following the date of the Issuer's public announcement of record at least $10,000,000 in quarterly U.S. revenue from the commercialization of HEPZATO and (ii) March 31, 2026, provided, however, if the FDA Approval occurs on or before February 15, 2024 and the Tranche A Warrants have not been exercised in full on or before March 7, 2024, then the Tranche B Warrants shall automatically expire on March 8, 2024. The Issuer announced on October 17, 2024 that it had recorded at least $10,000,000 in quarterly U.S. revenue from the commercialization of HEPZATO and therefore such Tranche B Warrants expire on November 7, 2024.
- [F3]The Tranche B Warrants were acquired in the issuer's private placement of common stock and warrants and issued as part of a unit with common stock and Tranche A Warrants. The per unit purchase price was $5.09, including a purchase price of $4.84 per share of common stock and $0.125 for each of the Tranche A and Tranche B Warrants. Each unit consisted of one share of common stock and an accompanying common stock warrant valued at 140% of the aggregate purchase price (the Tranche A Warrant) and an accompanying common stock warrant valued at 100% of the aggregate purchase price (the Tranche B Warrant).
Documents
Issuer
DELCATH SYSTEMS, INC.
CIK 0000872912
Entity typeother
Related Parties
1- filerCIK 0001235644
Filing Metadata
- Form type
- 4
- Filed
- Oct 22, 8:00 PM ET
- Accepted
- Oct 23, 4:17 PM ET
- Size
- 8.3 KB