Palatin Technologies raises ~$6.1M via warrant inducement with institutional investor

PALATIN TECHNOLOGIES INC

Enters inducement letter; institutional investor exercises existing warrants for $6.1M gross proceeds.
Existing warrants covering 3,233,277 shares exercised at reduced exercise price of $1.88/share.
Company issues new Series A warrants (2,727,273 shares) and Series B warrants (2,122,642 shares) at $1.88 exercise price, five-year term.
Closing expected June 24, 2024; net proceeds for working capital and corporate purposes.
Issuance of 1,624,201 Series B warrant shares subject to stockholder approval under NYSE American rules.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.