Palatin Technologies Files S-1/A Amendment

TL;DR

Palatin Tech filed an S-1/A, looks like they're raising capital.

AI Summary

Palatin Technologies, Inc. filed an S-1/A amendment on October 22, 2024, to its registration statement. The company, incorporated in Delaware with its principal executive offices at 4B Cedar Brook Drive, Cranbury, New Jersey, is seeking to register securities under the Securities Act of 1933. Stephen T. Wills serves as Executive Vice President, Chief Financial Officer, and Chief Operating Officer.

Why It Matters

This filing indicates Palatin Technologies is actively pursuing a securities offering, which could impact its capital structure and future operations.

Risk Assessment

Risk Level: medium — S-1 filings are typically associated with capital raises, which inherently carry risks related to market conditions and the company's ability to execute its business plan.

Key Numbers

• 333-281007 — SEC File Number (Identifies the specific registration statement)
• 0630 — Fiscal Year End (Indicates the end of the company's fiscal year)

Key Players & Entities

• Palatin Technologies, Inc. (company) — Registrant
• October 22, 2024 (date) — Filing date
• 4B Cedar Brook Drive, Cranbury, New Jersey 08512 (address) — Principal executive offices
• Stephen T. Wills (person) — Executive Vice President, Chief Financial Officer and Chief Operating Officer
• Securities Act of 1933 (legal_document) — Governing act for registration

FAQ

Key Financial Figures

• $0.01 — 9,915 shares of common stock, par value $0.01 per share, of Palatin Technologies, Inc
• $0.98 — r common stock on the NYSE American was $0.98 per share. This prospectus describes t
• $100.0 million — ecause our annual revenue was less than $100.0 million during the most recently completed fisc
• $560.0 million — ck held by non-affiliates was less than $560.0 million on the last business day of our most re
• $1.88 — ment to (i) lower the exercise price to $1.88 per share for the 3,233,277 Existing Wa
• $6.1 million — gregate gross proceeds of approximately $6.1 million from the exercise of the Existing Warra
• $2 million — company to have stockholders' equity of $2 million or more if the listed company has repor
• $4 million — company to have stockholders' equity of $4 million or more if the listed company has repor
• $6 million — company to have stockholders' equity of $6 million or more if the listed company has repor

Filing Documents

• ptn_s1a.htm (S-1/A) — 282KB
• ptn_ex232.htm (EX-23.2) — 2KB
• ptn_424b3img4.jpg (GRAPHIC) — 8KB
• ptn_424b3img6.jpg (GRAPHIC) — 8KB
• ptn_s1aimg8.jpg (GRAPHIC) — 88KB
• 0001654954-24-013226.txt ( ) — 427KB

USE OF PROCEEDS

USE OF PROCEEDS 7 DIVIDEND POLICY 7

DESCRIPTION OF SECURITIES

DESCRIPTION OF SECURITIES 8 SELLING STOCKHOLDERS 11 PLAN OF DISTRIBUTION 13 LEGAL MATTERS 16 EXPERTS 16 WHERE YOU CAN FIND MORE INFORMATION 16 INFORMATION WE INCORPORATE BY REFERENCE 16 No dealer, salesperson, or other person is authorized to give any information or to represent anything not contained in this prospectus. You must not rely on any unauthorized information or representations. This prospectus is an offer to sell only the securities offered hereby, but only under circumstances and in jurisdictions where it is lawful to do so. The information contained in this prospectus is current only as of its date. i Table of Contents CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This prospectus, including the documents incorporated by reference, contains, and any prospectus supplement may contain, "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. These statements relate to future events or to our future financial performance and involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements include, but are not limited to, statements about: our significant operating losses since our inception and our need to obtain additional financing has caused management to determine there is substantial doubt regarding our ability to continue as a going concern; our ability to obtain additional financing on terms acceptable to us, or at all, including unavailability of funds or delays in receiving funds as a result of economic disruptions; our expectation that we will incur losses for the foreseeable future and may never achieve or maintain profitability; our business, financial condition, and results of operations may be adversely a

View Full Filing

View this S-1/A filing on SEC EDGAR