---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-004637"
form_type: "8-K"
ticker: "PTN"
cik: "0000911216"
company_name: "PALATIN TECHNOLOGIES INC"
filed_at: "2023-04-12T23:59:59+00:00"
generated_at: "2026-06-17T03:26:05.561952+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Palatin Technologies enters $50M ATM equity distribution agreement with Canaccord Genuity

## Summary
- Palatin may sell up to $50M of common stock at market prices via Canaccord.
- Canaccord receives 3.0% commission on gross proceeds from sales.
- No obligation to sell any shares; company may suspend at any time.
- Shares offered under existing effective S-3 registration statement.

## SEC filing metadata
- accession: 0001654954-23-004637
- form_type: 8-K
- ticker: PTN
- cik: 0000911216
- company_name: PALATIN TECHNOLOGIES INC
- filed_at: 2023-04-12T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/911216/000165495423004637/0001654954-23-004637-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/911216/000165495423004637/ptn_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-004637
- JSON: https://secwatch.observer/filing/0001654954-23-004637.json
- Plain text: https://secwatch.observer/filing/0001654954-23-004637.txt

## Key facts
- Material Agreements
  PALATIN TECHNOLOGIES INC entered into Equity Distribution Agreement with Canaccord Genuity LLC valued at up to approximately $50 million (effective 2023-04-12).
  - Action: entry
  - Agreement: atm program
  - Counterparty: Canaccord Genuity LLC
  - Value: up to approximately $50 million
  - Effective: 2023-04-12
  source text: On April 12, 2023, Palatin Technologies, Inc. (the “ Company ”) entered into a new Equity Distribution Agreement, dated April 12, 2023 (the “ Equity Distribution Agreement ”), with Canaccord Genuity LLC (“ Canaccord ”), pursuant to which the Company may, from time to time, offer and sell, through Canaccord, shares of the Company’s common stock, par value $0.01 per share (the “ Shares ”), having an aggregate offering price of up to approximately $50 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/911216/000165495423004637/0001654954-23-004637-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.