PALATIN TECHNOLOGIES INC (PTN): Nasdaq/NYSE listing notice — 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.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

PALATIN TECHNOLOGIES INC received a nyse_american delisting notice notice regarding other (rules 1003(f)(v), 1009(a), 1003(a)(i), 1003(a)(ii), 1003(a)(iii)).

Exchange: nyse american
Notice: delisting notice
Rules: 1003(f)(v), 1009(a), 1003(a)(i), 1003(a)(ii), 1003(a)(iii)

Exact text from the filing

May 7, 2025, the Company received notice from NYSE Regulation that it had suspended trading of the Company’s common stock on the NYSE American LLC stock exchange (“NYSE American”) and determined to commence proceedings to delist the Company’s common stock from the NYSE American as a result of its determination that the Company is no longer suitable for listing pursuant to Section 1003(f)(v) of the NYSE American Company Guide due to the low selling price of the Company’s common stock. Trading of the Company’s common stock on the NYSE American was suspended on May 7, 2025 and began trading on th

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Source: SEC EDGAR

accession 0001654954-25-005296

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