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Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Checkbox not checked   Rule 13d-1(b)
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SCHEDULE 13D/A 0001019056-20-000228 0001622627 XXXXXXXX LIVE 14 DELCATH SYSTEMS, INC. 05/05/2025 false 0000872912 24661P807 DELCATH SYSTEMS, INC. 566 QUEENSBURY AVENUE 566 QUEENSBURY AVENUE QUEENSBURY A6 12804 Steven Salamon 4167910300 15 Wellesley Street West Suite 326 Toronto A6 M5Y 0G7 0001622627 N Rosalind Advisors, Inc. N A6 0.00 6674993.00 0.00 6674993.00 6674993.00 N 9.9 CO As more fully described in Item 5, the shares of Preferred Stock and Warrants are subject to a 9.99% blocker, and the percentage set forth in row (13) gives effect to such blockers. The securities reported in rows (8), (10) and (11) show the number of shares of Common Stock that would be issuable upon full conversion and exercise of such reported securities and do not give effect to such blockers. Therefore, the actual number of shares of Common Stock beneficially owned by such Reporting Person, after giving effect to such blockers, is less than the number of securities reported in rows (8), (10) and (11). 0001623082 Y SALAMON STEVEN A J OO N A6 162379.00 6401550.00 162379.00 6401550.00 N 9.9 IN 0001811824 N Aharon Gil OO N A6 111064.00 6401550.00 111064.00 6401550.00 N 9.9 IN 0001579206 N Rosalind Master Fund L.P. N E9 0.00 2871335.00 0.00 2871335.00 2871335.00 Y 4.5 PN Y Rosalind Opportunities Fund I L.P. N A6 0.00 3530215.00 0.00 3530215.00 3530215.00 N 5.0 PN DELCATH SYSTEMS, INC. DELCATH SYSTEMS, INC. 566 QUEENSBURY AVENUE 566 QUEENSBURY AVENUE QUEENSBURY A6 12804 (a) This statement is filed by: (i) Rosalind Advisors, Inc. ( Advisor to ROFI & RMF) (ii) Rosalind Master Fund L.P. ( RMF ) (iii) Rosalind Opportunities Fund I LP ( ROFI ) (iv) Steven Salamon ( President and portfolio manager of the Advisor) (v) Gil Aharon ( Secretary and portfolio manager of the Advisor) Each of the foregoing is referred to as a Reporting Person and collectively as the Reporting Persons. Each of the Reporting Persons is party to that certain Joint Filing Agreement, as further described in Item 7. Accordingly, the Reporting Persons are hereby filing a joint Schedule 13D. Address of the Principal Office or, if none, residence Rosalind Advisors, Inc. and Rosalind Opportunities Fund I L.P. 15 Wellesley Street West Suite 326, Toronto, Ontario M4Y 0G7 Canada Rosalind Master Fund L.P. P.O. Box 309 Ugland House, Grand Cayman KY1-1104, Cayman Islands Steven Salamon 15 Wellesley Street West Suite 326, Toronto, Ontario M4Y 0G7 Canada Gil Aharon 15 Wellesley Street West Suite 326, Toronto, Ontario M4Y 0G7 Canada The principal business of Rosalind Advisors, Inc. is to operate as an investment advisory firm and to make public equity investments. The principal occupation of Mr. Salamon is serving as the Portfolio Manager and President of Rosalind Advisors, Inc., which advises ROFI & RMF. No Reporting Person has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). No Reporting Person has, during the last five years, been party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. Mr. Salamon and Mr. Aharon are citizens of Canada, resident in Ontario NA Item 4 is hereby amended and supplemented as follows: On May 6, 2020, pursuant to the terms of the Board Appointment Agreement, the Board of Directors of the Issuer (the Board) increased the number of directors constituting the Board to eight members and elected Steven Salamon and Gilad Aharon as independent directors of the Issuer to fill the vacancies created by the increase in the number of directors. Mr. Salamon was elected to serve as a Class III director with a term scheduled to expire at the 2024 Annual Meeting of Stockholders and Dr. Aharon was elected to serve as a Class I director with a term scheduled to expire at the 2025 Annual Meeting of Stockholders. Amount beneficially owned: The information as of the date of the event which requires filing of this statement required by Items 5(a) to (c) is set forth in Rows 7 to 13 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person. The percentage set forth in Row 13 of the cover page for each Reporting Person is based on 34,826,183 shares of Common Stock issued and outstanding as of May 6th, 2025, per communication with the Company, subject to the Blockers (as defined below). Pursuant to the terms of (i) the certificate of designations containing the terms of the Reported Preferred Stock, the Reporting Persons cannot convert the Reported Preferred Stock to the extent the Reporting Persons would beneficially own, after any such conversion, more than 9.99 percent of the outstanding shares of Common Stock (the Preferred Stock Blockers) and (ii) the Reported Warrants, the Reporting Persons cannot exercise the Reported Warrants to the extent the Reporting Persons would beneficially own, after any such exercise, more than 4.99 percent of the outstanding shares of Common Stock (the Warrant Blockers and collectively with the Preferred Stock Blockers, the Blockers), and the percentage set forth in Row 11 of the cover page for each Reporting Person gives effect to the Blockers. Consequently, as of the date of the event which requires the filing of this statement, the Reporting Persons were not able to exercise all of the Reported Preferred Stock or any of the Reported Warrants due to the Blockers. Rosalind Advisors, Inc. is the investment advisor to ROFI and RMF and may be deemed to be the beneficial owner of shares held by ROFI and RMF. Steven Salamon is the portfolio manager of the Advisor and may be deemed to be the beneficial owner of shares of Preferred Stock held, and underlying the Reported Warrants (subject to the Warrant Blockers) held by, RMF. Notwithstanding the foregoing, the Advisor and Mr. Salamon disclaim beneficial ownership of any such shares. NA NA NA NA NA Rosalind Advisors, Inc. Steven Salamon President 05/12/2025 SALAMON STEVEN A J Steven Salamon Steven Salamon 05/12/2025 Aharon Gil Gil Aharon Gil Aharon 05/12/2025 Rosalind Master Fund L.P. Mike McDonald Director, Rosalind (Cayman) Ltd. (as General Partner to Rosalind Master Fund) 05/12/2025 Rosalind Opportunities Fund I L.P. Stevene Salamon Director, Rosalind Opportunities Fund I GP. Inc. (as General Partners to Rosalind Opportunities Fund I) 05/12/2025