secwatch.observer — SEC 8-K summary
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Issuer:     PALATIN TECHNOLOGIES INC (PTN)
CIK:        0000911216
Form:       8-K
Filed at:   2023-10-24T23:59:59+00:00
Accession:  0001654954-23-013343
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/911216/000165495423013343/0001654954-23-013343-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/911216/000165495423013343/ptn_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-013343

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