4/A: Delcath Systems Director Steven Salamon Reports Beneficial Ownership Changes
SEC Form 4/A
Director Steven Salamon reports acquisition of common shares through warrant exercise and preferred share conversion, resulting in a maintained beneficial ownership.
Summary
- On April 18, 2024, Steven Salamon, a director of Delcath Systems, Inc., acquired 619,946 common shares through the exercise of pre-funded warrants at $0.01 per share.
- On the same date, Salamon also acquired 991,615 common shares via the conversion of 1,065 F-2 preferred shares and 3,010 F-3 preferred shares.
- Following these transactions, Salamon's beneficial ownership remained at 2,732,586 common shares, held indirectly through Rosalind Advisors Inc., the advisor to the Rosalind Master Funds.
- Salamon disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing reporting transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions and provides transparency to the market regarding the holdings of company directors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 04/18/2024 | Date of warrant exercise and preferred share conversion. |
| 05/16/2024 | Date of original filing of the form. |
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