Palatin Technologies Enters Warrant Inducement Agreement With Institutional Investor To Exercise 3,233,277 Shares Issued In November 2022 And October 2023, Raising $6.1M
Portfolio Pulse from Benzinga Newsdesk
Palatin Technologies has entered into a warrant inducement agreement with an institutional investor to exercise 3,233,277 shares issued in November 2022 and October 2023, raising $6.1 million.
June 21, 2024 | 12:04 pm
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Palatin Technologies has secured $6.1 million through a warrant inducement agreement with an institutional investor, involving the exercise of 3,233,277 shares issued in November 2022 and October 2023.
The successful raising of $6.1 million through the exercise of warrants indicates positive investor sentiment and provides additional capital for Palatin Technologies. This is likely to have a positive short-term impact on the stock price.
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