Subsequent Events

12 Months Ended

Dec. 31, 2013

(15)	Subsequent Events

During the first quarter through February 28, 2014, the Company sold approximately 16.0 million shares of our common stock under the Sales Agreement through an “at the market” equity offering program for net proceeds of approximately $4.4 million before related expenses. The net proceeds will be used for general corporate purposes, including, but not limited to, commercialization of our products, obtaining regulatory approvals, funding of our clinical trials, capital expenditures and working capital. As of March 11, 2014, the Company has approximately $40.4 million remaining under the program, assuming sufficient shares are available to be issued.

The Company held a Special Meeting of Stockholders on February 24, 2014. The proposal to approve an amendment to Delcath’s Amended and Restated Certificate of Incorporation to effect a reverse stock split of its Common Stock at a specific ratio within a range from 1-for-8 to 1-for-16, inclusive, on or prior to December 31, 2014 and to grant authorization to the Board of Directors to determine, in its discretion, whether to implement the reverse stock split, as well as its specific timing and ratio, was approved by shareholders.

Delcath completed an evaluation of the impact of any subsequent events through the date financial statements were issued and determined there were no other subsequent events requiring disclosure in or adjustment to these financial statements.