Palatin Technologies delisted from NYSE American; reduced offering raises only $1.1M

PALATIN TECHNOLOGIES INC

NYSE American suspended trading and commenced delisting proceedings due to low stock price; shares transitioned to OTC Pink under 'PTNT'.
Original $11.5M offering (76,666,667 shares at $0.15) collapsed after delisting; net proceeds fell to $1.1M.
Offering included Series F, G, H warrants with exercise prices $0.30, $0.15, $0.225; potential additional $11.5M from warrant exercise is uncertain.
Company intends to appeal delisting by May 14, 2025 but no assurance of success; CEO states commitment to business plan.

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