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Stock impact report

Palatin Announces Exercise of Warrants for Approximately $3.4 Million Gross Proceeds [Yahoo! Finance]

Palatin Technologies, Inc. (PTN) 
NASDAQ:AMEX Investor Relations: palatin.com/investors/overview
Company Research Source: Yahoo! Finance
The transaction is expected to close on or about December 17, 2024, subject to the satisfaction of customary closing conditions. Was this helpful? Yes No What are the plans for the net proceeds from the exercise of warrants? The Company intends to use the net proceeds from the exercise of warrants for working capital and general corporate purposes. Was this helpful? Yes No What will the Company receive in consideration for the immediate exercise of the warrants? The Company will issue to the investor unregistered Series C warrants to purchase an aggregate of 3,907,679 shares of the Company's common stock and Series D warrants to purchase an aggregate of 1,953,839 shares of the Company's common stock, both with an exercise price of $0.875 per share. Was this helpful? Yes No What is the main announcement made by Palatin Technologies in the press release? Palatin Technologies announced that it has entered into a warrant exercise inducement agreement with an Show less Read more
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