---
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"
generated_at: "2026-06-09T15:53:26.815602+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Palatin Technologies raises $5M in registered direct offering and private placement of warrants

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-013343
- JSON: https://secwatch.observer/filing/0001654954-23-013343.json
- Plain text: https://secwatch.observer/filing/0001654954-23-013343.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: the investor named on the signature page thereto
  - Value: $4.5 million net proceeds
  - Effective: 2023-10-20
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/911216/000165495423013343/0001654954-23-013343-index.htm

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