secwatch.observer — SEC 8-K summary
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Issuer:     PALATIN TECHNOLOGIES INC (PTN)
CIK:        0000911216
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001654954-22-014591
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Palatin Technologies raises ~$10M via registered direct offering of common stock and warrants
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- Sold 1,818,182 shares (including pre-funded warrants for 798,182 shares) plus 1,818,182 common warrants at $5.50/share+ warrant combo.
- Gross proceeds ~$10M; net proceeds ~$9.1M after fees and expenses.
- Warrants exercisable at $5.83/share, beginning six months from issuance, expiring 5.5 years.
- H.C. Wainwright acted as placement agent with 7.0% cash fee and placement agent warrants.
- Net proceeds to be used for general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/911216/000165495422014591/0001654954-22-014591-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/911216/000165495422014591/ptn_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-014591

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer