Palatin receives ~$3.4M from warrant exercise; issues new Series C/D warrants

PALATIN TECHNOLOGIES INC

Gross proceeds of ~$3.4M from exercise of 3,907,679 shares at amended price $0.875.
Issued unregistered Series C warrants for 3,907,679 shares and Series D for 1,953,839 shares, both at $0.875/share.
Series C warrants exercisable immediately, 5-year term; Series D exercisable after stockholder approval, 5-year term.
Transaction expected to close Dec 17, 2024; proceeds for working capital and general corporate purposes.
Company agreed to file resale registration statement for inducement warrant shares by Feb 28, 2025.

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