grand total is $85 million all issuable in preferred shares. The first offering was $25 million - this has been converted into 4,649,185 shares of common and 2,916,358 has yet to be converted - these were done at $3.3. Tranche A is $35 million - these will be converted into 7,746,436 shares at $4.5 and Tranche B is $25 million - these will be converted into 4,149,994 at $6. So there are 14,812,788 shares that need to be added to the 15,276,487 that are outstanding as of so the fully diluted shares will be 30,089,275 when all the smoke clears. $DELCATH SYSTEMS INC(DCTH)$
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