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The interventional oncology company issued and sold nearly 1.45 million shares of its common stock at $2.90 per share. In lieu of common stock, it sold 692,042 pre-funded warrants to purchase common stock. Price per warrant totaled $2.89. The pre-funded warrants hold an exercise price of 1 per share of common stock. They remain immediately exercisable now and until exercised in full.
On July 20, 2022, Delcath closed a private placement for the issuance and sale of 690,954 shares of common stock (the \"Common Stock\") and 566,751 pre-funded warrants to purchase Common Stock (the \"Pre-Funded Warrants\") to certain investors. Each share of Common Stock was sold at a price per share of $3.98 and the Pre-Funded Warrants were sold at a price of $3.97 per Pre-Funded Warrant. The Pre-Funded Warrants have an exercise price of $0.01 per share of Common Stock and are immediately exercisable. Delcath received gross proceeds from the Private Placement of approximately $5.0 million before deducting offering expenses payable by Delcath. Delcath intends to use the net proceeds from the Private Placement for working capital purposes and other general corporate purposes.
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Some lawmakers do vote against their own economic interests, at least some of the time. Rep. Lloyd Doggett (D-Texas) voted against opening ANWR, despite his heavy oil- and gas-industry investments. Rep. Clay Shaw (R-Fla.) voted to allow seniors to import cheaper pharmaceuticals even though he holds $15,001 to $50,000 in stock in Santarus, a drug company. 59ce067264