Palatin Technologies (PTN) Prices 1.82M Share Direct Offering at $5.50/sh

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Palatin Announces $10 Million Registered Direct Offering

October 31, 2022 9:30 AM EDT

CRANBURY, N.J., Oct. 31, 2022 /PRNewswire/ -- Palatin Technologies, Inc. (NYSE American: PTN), a biopharmaceutical company developing first-in-class medicines based on molecules that modulate the activity of the melanocortin receptor system, today announced that it has entered into a definitive agreement with a single healthcare-focused institutional investor for the issuance and sale of an aggregate of 1,818,182 shares of its common stock (or common stock equivalents in lieu thereof) and warrants to purchase up to an aggregate of 1,818,182 shares of common... More