Palatin closes $18.2 million offering and regains NYSE American listing compliance
Palatin Technologies closed its upsized public offering on November 12, 2025, after underwriters fully exercised their over-allotment option, bringing gross proceeds to approximately $18.2 million. The closing regained compliance with the NYSE American stockholders' equity listing standard, and the stock resumed trading under the symbol PTN that day; the company plans to use the net proceeds for its obesity program and working capital.
Key points
- Gross proceeds were approximately $18.2 million, including about $2.37 million from the over-allotment option, at $6.50 per share or pre-funded warrant.
- The offering included Series J warrants and Series K warrants at an exercise price of $8.125 for the Series K warrants, and up to $18.2 million more could come from cash exercise of the milestone-related Series J warrants, which is not guar
- The company regained compliance with NYSE American's Stockholders' Equity Rule, and PTN resumed trading on November 12, 2025.
- Net proceeds are intended for the obesity program and general corporate purposes.
The filing
Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 12, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.