Exhibit 5.1
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August 18, 2020
Delcath Systems, Inc.
1633 Broadway, Suite 22C
New York, New York 10019
Re: | Delcath Systems, Inc. Registration Statement on Form S-3 |
Ladies and Gentlemen:
We have acted as counsel to Delcath Systems, Inc., a Delaware corporation (the “Company”) and have been asked to furnish you our opinion with respect to the offer and sale by the Company of up to an aggregate of $10,000,000 of shares of its common stock, par value $0.01 per share (the “Shares”), pursuant to the Controlled Equity OfferingSM Sales Agreement, dated August 18, 2020, by and between the Company and Cantor Fitzgerald & Co., as sales agent (the “Sales Agreement”). The Shares are being offered for sale pursuant to the Company’s effective Registration Statement on Form S-3 (File No. 333-227970) filed with the Securities and Exchange Commission (the “Commission”) pursuant to the Securities Act of 1933, as amended (the “Securities Act”).
We understand that the Shares are to be issued by the Company and sold by Cantor Fitzgerald & Co. pursuant to the Sales Agreement, a copy of which has been filed as Exhibit 1.1 to the Company’s Current Report on Form 8-K to which this opinion is attached as Exhibit 5.1.
For purposes of this letter, we have examined the representations set forth in the Registration Statement, the Sales Agreement, and the prospectus supplement dated of event date herewith (the “Prospectus Supplement”) relating to the issue and sale of the Shares.
In our capacity as counsel to the Company in connection with the matters referred to above, we have also examined and relied upon copies of the following: (i) the Certificate of Incorporation of the Company, as amended, the Amended and Restated By-laws of the Company and records of certain of the Company’s corporate proceedings as reflected in its minute books, (ii) the Registration Statement, (iii) the Prospectus Supplement, (iv) the Sales Agreement and (v) we have also examined and relied upon such other documents and records, instruments and certificates of public officials, officers and representatives of the Company, and have made such other investigations as we have deemed necessary or appropriate under the circumstances.
In our examination, we have assumed the legal capacity of all natural persons, the genuineness of all signatures, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as certified or photostatic copies, and the authenticity of the originals of such documents. As