Palatin Technologies delisted from NYSE American; raises $340K in insider private placement

PALATIN TECHNOLOGIES INC

NYSE American commenced delisting proceedings; common stock suspended May 7, 2025. Now trades on OTCQB under PTNT.
On June 10, 2025, entered private placement with CEO, CFO, and two directors for $340,000 gross proceeds.
Issued Series D Preferred Stock convertible at $0.11/share and warrants exercisable at $0.11, subject to stockholder approval.
Proceeds to be used for general working capital purposes.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

PALATIN TECHNOLOGIES INC: Filing of Certificate of Designation to create Series D Convertible Preferred Stock (effective 2025-06-10).

Change: charter amendment
Effective: 2025-06-10

Exact text from the filing

On June 10, 2025, the Company filed a Certificate of Designation of the Rights, Powers, Preferences, Privileges, and Restrictions, of the Series D Convertible Preferred Stock (the “Certificate of Designation”) with the Secretary of State of the State of Delaware to create the Preferred Stock.

View on SEC.gov

Browse all governance changes →

PALATIN TECHNOLOGIES INC filing history →

Source: SEC EDGAR

accession 0001654954-25-006936

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

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.