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Stock impact report

Palatin Technologies, Inc. Announces Receipt of NYSE American Notice of Delisting and Intention to Appeal [Yahoo! Finance]

Palatin Technologies, Inc. (PTN) 
NASDAQ:AMEX Investor Relations: palatin.com/investors/overview
Company Research Source: Yahoo! Finance
first-in-class medicines based on molecules that modulate the activity of the melanocortin receptor system, announced today that on April 10, 2024 , NYSE American LLC ("NYSE American") publicly announced and provided a notice to the Company that NYSE Regulation has determined to commence proceedings to delist the Company's common stock (the "Common Stock") from NYSE American. NYSE Regulation has determined the Company is no longer suitable for listing pursuant to Section 1009(a) of the NYSE American Company Guide as the Company was unable to demonstrate that it had regained compliance with Sections 1003(a)(i), (ii) and (iii), related to stockholders' equity requirements, by the end of the maximum 18-month compliance plan period, which expired on April 10, 2025 The Company has a right to a review of the NYSE Regulation determination to delist the Common Stock by the Listings Qualifications Panel of the Committee for Review of the Board of Directors of the Exchange (the "Panel"). The Show less Read more
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