other_material
confidence high
sentiment negative
materiality 0.70
Palatin Technologies to effect 1-for-50 reverse stock split on August 11, 2025
PALATIN TECHNOLOGIES INC
- Reverse split effective after market on August 11; split-adjusted trading on OTCQB begins August 12.
- NYSE American delisted company on May 7 due to low selling price; stock now trades on OTCQB as PTNT.
- FINRA approval delayed the reverse split; company expects approval after market August 11.
item 7.01