NEW YORK, N.Y.--(BUSINESS WIRE)--Delcath Systems, Inc. (Nasdaq:DCTH) (the “Company”) announced today that the Company has entered into definitive subscription agreements with selected institutional investors to sell 3,833,108 shares of its common stock and warrants to purchase 1,916,554 shares of common stock with an exercise price of $4.53 per share through a registered direct offering. Each unit consisting of one share of common stock and one warrant to purchase 0.5 shares of common stock was priced at $3.70 per unit, for gross proceeds of approximately $14.2 million, before deducting offering fees and expenses. Canaccord Adams Inc. and ThinkEquity Partners, LLC acted as placement agents for the offering. Canaccord Adams Inc. acted as the lead placement agent.
