Palatin files to sell 4.85M shares of common stock for holders

The filing relates to the offer and sale by the selling stockholders of up to an aggregate of 4.85M shares of common stock of Palatin Technologies, consisting of (i) 2.73M shares of common stock issuable upon exercise of Series A common stock purchase warrants that the company issued in a private placement on June 20, 2024, and (ii) 2.12M shares of common stock issuable upon exercise of Series B common stock purchase warrants that we issued in the June financing. Palatin will not receive any proceeds from the sale of shares of common stock offered for resale by the selling stockholders.