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Delcath Systems Inc (DCTH.PK)

DCTH.PK on OTC Markets Group

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16 Jan 2018
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Latest Key Developments (Source: Significant Developments)

Delcath Announces Preliminary Safety Analysis For Phase 3 Focus Trial
Tuesday, 19 Dec 2017 08:00am EST 

Dec 19 (Reuters) - Delcath Systems Inc ::DELCATH ANNOUNCES PRELIMINARY SAFETY ANALYSIS FOR PHASE 3 FOCUS TRIAL.DELCATH SYSTEMS INC - DSMB HAS RECOMMENDED THAT STUDY CONTINUE WITHOUT MODIFICATION.  Full Article

Delcath Systems CEO issues letter to stockholders providing business update
Friday, 22 Sep 2017 08:30am EDT 

Sept 22 (Reuters) - Delcath Systems Inc :Delcath Systems - CEO issued letter to stockholders providing business update, "rationale for company's recent actions to preserve access to capital​".Delcath - ‍as a result of shareholder non-approval of proposed reverse stock split, co could not regain compliance with continued listing on Nasdaq.Delcath Systems - ‍since stock split proposal did not achieve required shareholder support, underlying issue of authorized share limit remains​.Delcath Systems Inc - ‍concluded an agreement with 2016 convertible note holders that will resolve authorized shares limit issue​.Delcath Systems - ‍ agreement with 2016 convertible note holders provides for issuance of Series C preferred shares in exchange for $0.5 mln in cash​.Delcath - ‍unless co makes authorized shares available, access capital, it does not have ability to fund business, continue operations beyond next few months​.  Full Article

Delcath Systems‍ announces that its board of directors has approved voluntary delisting from Nasdaq​
Wednesday, 13 Sep 2017 06:30am EDT 

Sept 13 (Reuters) - Delcath Systems Inc :Delcath Systems Inc -‍ announces that its board of directors has approved voluntary delisting from Nasdaq​.Delcath Systems Inc - ‍expects that its common shares will cease trading on Nasdaq on or about September 22, 2017​.Delcath Systems - ‍company has applied for listing on OTCQB, anticipates that stock will begin trading there on September 22, 2017 under symbol "DCTH"​.Delcath - As a result of shareholder non-approval of reverse stock split, co does not meet requirements for continued listing on Nasdaq Capital Market​.  Full Article

Delcath issues letter to stockholders
Friday, 1 Sep 2017 10:10am EDT 

Sept 1 (Reuters) - Delcath Systems Inc ::Delcath issues letter to stockholders.Says ‍reiterates its recommendation for shareholders to approve proposed reverse stock split.  Full Article

Delcath announces agreement for extinguishment of convertible notes with majority holder
Monday, 28 Aug 2017 06:30am EDT 

Aug 28 (Reuters) - Delcath Systems Inc :Delcath announces agreement for extinguishment of convertible notes with majority holder.‍If fully executed, agreement will extinguish approximately 90 pct of remaining $12.6 million in debt related to convertible notes​.‍Negotiated an agreement for extinguishment of its 2016 convertible notes from holder of majority of notes​.‍Transaction contingent upon co effecting reverse stock split which requires shareholder approval through current consent solicitation​.Co's series A & B preferred shares to be redeemed & $1.65 million in restricted cash related to convertible notes will be released to co.‍A vote in favor of reverse stock split proposal is required to trigger extinguishment agreement and maintain Nasdaq listing​.  Full Article

Delcath Systems Inc. extends expiration date of consent solicitation
Tuesday, 22 Aug 2017 08:30am EDT 

Aug 22 (Reuters) - Delcath Systems Inc :Delcath systems, inc. Announces extension of expiration date of its consent solicitation and ability to change consent once voted.Delcath systems inc - deadline for its current consent solicitation has been extended until september 7, 2017 at 5:00 p.m. Eastern time.  Full Article

Ayrton Capital dissolves passive stake in Delcath Systems
Wednesday, 16 Aug 2017 05:17pm EDT 

Aug 16 (Reuters) - Ayrton Capital Llc​::Ayrton Capital Llc​ dissolves passive stake in Delcath Systems Inc as on August 11, 2017 - SEC filing.Ayrton Capital Llc had previously reported 8.4 percent passive stake in Delcath Systems Inc​ as on July 11, 2017.  Full Article

Delcath posts Q2 loss per share $0.01​
Tuesday, 8 Aug 2017 08:30am EDT 

Aug 8 (Reuters) - Delcath Systems Inc :Delcath announces second quarter 2017 financial results.Q2 revenue rose 20 percent to $600,000.Delcath Systems Inc qtrly loss per share $0.01​.  Full Article

Delcath Systems says Ayrton Capital reports 8.4 percent passive stake in Delcath Systems - SEC Filing
Tuesday, 18 Jul 2017 04:10pm EDT 

July 18 (Reuters) - Delcath Systems Inc :Ayrton Capital llc reports 8.4 percent passive stake in Delcath Systems Inc as of july 11 - sec filing.  Full Article

Delcath Q1 loss per share $0.25
Tuesday, 9 May 2017 08:00am EDT 

May 9 (Reuters) - Delcath Systems Inc :Delcath announces first quarter 2017 financial results.Q1 loss per share $0.25.Q1 revenue rose 100 percent to $740,000.Delcath systems - anticipates cash remaining in controlled accounts after transaction will be sufficient to fund operating activities through end of 2017.  Full Article