Palatin Technologies Enters Material Definitive Agreement

TL;DR

Palatin Tech signed a big deal, filing shows.

AI Summary

On February 11, 2025, Palatin Technologies, Inc. entered into a material definitive agreement. The filing also includes financial statements and exhibits related to this agreement. The company is incorporated in Delaware and its principal executive offices are located at 4B Cedar Brook Drive, Cranbury, NJ.

Why It Matters

This filing indicates a significant new contract or partnership for Palatin Technologies, which could impact its future revenue and operational direction.

Risk Assessment

Risk Level: medium — Entering into a material definitive agreement can introduce new risks related to contract performance, financial obligations, and market reception.

Key Players & Entities

• Palatin Technologies, Inc. (company) — Registrant
• February 11, 2025 (date) — Date of earliest event reported
• 4B Cedar Brook Drive, Cranbury, NJ 08512 (location) — Address of principal executive offices
• 001-15543 (other) — Commission File Number
• 95-4078884 (other) — IRS employer identification number

FAQ

Key Financial Figures

• $0.01 — ch Registered Common Stock, par value $0.01 per share PTN NYSE American Indic
• $6.0 million — e offering price of up to approximately $6.0 million. The Shares will be offered and sold b

Filing Documents

• ptn_8k.htm (8-K) — 29KB
• ptn_ex11.htm (EX-1.1) — 226KB
• ptn_ex51.htm (EX-5.1) — 7KB
• ptn_ex51img1.jpg (GRAPHIC) — 9KB
• 0001654954-25-001362.txt ( ) — 451KB
• ptn-20250211.xsd (EX-101.SCH) — 6KB
• ptn-20250211_lab.xml (EX-101.LAB) — 14KB
• ptn-20250211_cal.xml (EX-101.CAL) — 1KB
• ptn-20250211_pre.xml (EX-101.PRE) — 9KB
• ptn-20250211_def.xml (EX-101.DEF) — 2KB
• ptn_8k_htm.xml (XML) — 4KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On February 11, 2025, Palatin Technologies, Inc. (the "Company") entered into an At the Market Issuance Sales Agreement (the "Sales Agreement"), with A.G.P./Alliance Global Partners ("A.G.P."), pursuant to which the Company may, from time to time, offer and sell, through A.G.P., as a sales agent or principal, shares of the Company's common stock, par value $0.01 per share (the "Shares"), having an aggregate offering price of up to approximately $6.0 million. The Shares will be offered and sold by the Company pursuant to its previously filed and currently effective Registration Statement on Form S-3 (Reg. No. 333-262555) (the "Registration Statement"). The Shares may only be offered and sold by means of a prospectus, including a prospectus supplement, dated February 11, 2025, filed by the Company with the SEC, forming part of the effective Registration Statement. Sales of the common stock, if any, will be made at market prices by methods deemed to be an "at-the market-offering" as defined in Rule 415(a)(4) promulgated under the Securities Act of 1933, as amended, including sales made directly on the NYSE American, on any other existing trading market for the common stock, or to or through a market maker other than on an exchange. Sales of the Shares, if any, will be made in accordance with the terms of the Sales Agreement and applicable Placement Notices delivered by the Company to A.G.P. from time to time. We are obligated to pay A.G.P. a commission rate of up to 3.0% of the gross proceeds from the sales of common stock sold pursuant to the terms of the Sales Agreement. The Sales Agreement also contains, among other things, customary representations, warranties and covenants by the Company and indemnification obligations of the Company and A.G.P. as well as certain termination rights for both the Company and A.G.P. The Company has no obligation to sell any Shares under the Sales Agreement, and may at any time

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits: 1.1 Sales Agreement, dated as of February 11, 2025, by and between Palatin Technologies, Inc. and A.G.P./Alliance Global Partners. 5.1 Opinion of Thompson Hine LLP, dated February 11, 2025. 23.1 Consent of Thompson Hine LLP (included in Exhibit 5.1 above). 2

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PALATIN TECHNOLOGIES, INC. Date: February 11, 2025 By: /s/ Stephen T. Wills Stephen T. Wills, CPA, MST Executive Vice President, Chief Financial Officer and Chief Operating Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR