secwatch.observer — SEC 8-K summary
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Issuer:     PALATIN TECHNOLOGIES INC (PTN)
CIK:        0000911216
Form:       8-K
Filed at:   2025-06-13T23:59:59+00:00
Accession:  0001654954-25-006936
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 5.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/911216/000165495425006936/0001654954-25-006936-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/911216/000165495425006936/ptn_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-25-006936

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer