{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-23-013343","form_type":"8-K","ticker":"PTN","cik":"0000911216","company_name":"PALATIN TECHNOLOGIES INC","filed_at":"2023-10-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.367932+00:00","generated_at":"2026-06-09T15:53:26.815602+00:00","sec_items":["1.01","3.02","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Palatin Technologies raises $5M in registered direct offering and private placement of warrants","bullets":["Sold 1,325,000 shares and pre-funded warrants for 1,033,491 shares at $2.12/unit; private warrants for 2,358,491 shares at $2.12 exercise price.","Gross proceeds $5M; net proceeds $4.5M after placement agent fees and expenses for general corporate purposes.","Offering closed Oct 24, 2023; H.C. Wainwright received 7% cash fee and 117,925 placement agent warrants at $2.65.","60-day lock-up on share issuance and 12-month restriction on variable rate transactions are in effect."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-23-013343","json":"https://secwatch.observer/filing/0001654954-23-013343.json","markdown":"https://secwatch.observer/filing/0001654954-23-013343.md","text":"https://secwatch.observer/filing/0001654954-23-013343.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/911216/000165495423013343/0001654954-23-013343-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/911216/000165495423013343/ptn_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T15:53:26.815602+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7dd91abb8b266cd9c87c94f7e38163d57b49e536","claim":"PALATIN TECHNOLOGIES INC entered into Purchase Agreement with the investor named on the signature page thereto valued at $4.5 million net proceeds (effective 2023-10-20).","evidence_excerpt":"On October 20, 2023, Palatin Technologies, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with the investor named on the signature page thereto, to sell in a registered direct offering","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/911216/000165495423013343/0001654954-23-013343-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"the investor named on the signature page thereto"},{"label":"Value","value":"$4.5 million net proceeds"},{"label":"Effective","value":"2023-10-20"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}