Palatin Technologies Filed For Up To 2,476,416 Shares Of Common Stock By Selling Shareholders
Portfolio Pulse from Charles Gross
Palatin Technologies has filed with the SEC for the potential sale of up to 2,476,416 shares of common stock by selling shareholders. This filing allows these shareholders to sell their shares in the market, although it does not necessarily mean that all the shares will be sold or that they will be sold immediately.
December 04, 2023 | 10:04 pm
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Palatin Technologies' SEC filing for the sale of up to 2,476,416 shares by selling shareholders may lead to potential dilution or increased stock liquidity. Investors should be aware of possible short-term price volatility.
The filing indicates that a significant number of shares may enter the market, which could lead to dilution of existing shares or increased liquidity. This often puts downward pressure on the stock price in the short term due to the potential increase in supply. However, the actual impact will depend on whether and how many shares are sold, as well as market perception.
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