Palatin Receives Notice Of Non-Compliance From NYSE American
Portfolio Pulse from Benzinga Newsdesk
Palatin Technologies, Inc. has received a notice of non-compliance from NYSE American due to not meeting the stockholders' equity requirement of $6 million, as per Section 1003(a)(iii). This follows previous non-compliance under Sections 1003(a)(i) and (ii).
October 07, 2024 | 8:15 pm
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Palatin Technologies has been notified by NYSE American of non-compliance with listing standards due to insufficient stockholders' equity, following previous non-compliance issues.
The notice of non-compliance from NYSE American indicates potential delisting risk, which can negatively impact investor confidence and lead to short-term stock price volatility. This is compounded by previous non-compliance issues, suggesting ongoing financial challenges.
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