other_material
confidence high
sentiment negative
materiality 0.60
NYSE American Panel affirms delisting of Palatin Technologies; stock trades on OTCQB
PALATIN TECHNOLOGIES INC
- Panel unanimously affirmed delisting under Sections 1003(a) and 1003(f)(v) due to low selling price of common stock.
- NYSE American suspended trading on May 7, 2025; stock has traded on OTCQB under symbol PTNT since June 9, 2025.
- Company intends to appeal Panel decision to the full Committee for Review; appeal hearing expected in late August or September 2025.
- Company is actively working to resolve listing deficiencies prior to the appeal hearing.
item 3.01item 9.01