Delcath Systems, Inc. announced that it has entered into entered into a securities purchase agreement with existing investors, company's executives and members of the board of directors to issue 876,627 common shares at a price of $3.72 per share for the gross proceeds of $3,261,052.44 and 1,008,102 pre-funded warrants at a price of $3.71 per warrant for the gross proceeds of $3,740,058.42 for the total gross proceeds of $7,001,110 on March 15, 2024. The Pre-Funded Warrants will be convertible into 1,008,102 shares of common stock will have an exercise price of $0.01 per share of common stock, be immediately exercisable and remain exercisable until exercised in full. The transaction is expected to close on March 19, 2024, subject to the satisfaction of customary closing conditions.