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[posting]60898350[/posting]Sie haben sich die Berechtigung eingeholt , heiß Sie können 40 Mil .anbieten diesen Vorgang hat PTN schon mal sich offen gehalten und NICHT ausgeführt . Ein normaler VORGANG Exhibit 1.1PALATIN TECHNOLOGIES, INC.$40,000,000EQUITY DISTRIBUTION AGREEMENTJune 21, 2019Canaccord Genuity LLC99 High Street, Suite 1200Boston, Massachusetts 02110Ladies and Gentlemen:Palatin Technologies, Inc., a Delaware corporation (the “Company”), confirms its agreement (this “Agreement”) with Canaccord Genuity LLC(“Canaccord”), as of the date first written above, as follows:1.Issuance and Sale of Shares. The Company agrees that, from time to time during the term of this Agreement, on the terms and subject to the conditions setforth herein, it will issue and sell through Canaccord, acting as sales agent, shares of common stock, $0.01 par value per share (the “Common Shares”), of theCompany (the “Shares”) having an aggregate offering price of up to $40,000,000. The Shares will be sold on the terms set forth herein at such times and in suchamounts as the Company and Canaccord shall agree from time to time. The issuance and sale of the Shares through Canaccord will be effected pursuant to theRegistration Statement (as defined in Section 6(a)) filed by the Company and declared effective by the United States Securities and Exchange Commission (the“Commission”).2.Placements.(a)Placement Notice. Each time that the Company wishes to issue and sell Shares hereunder (each, a “Placement”), it will notify Canaccord by e-mailnotice (or other method mutually agreed to in writing by the parties) containing the parameters within which it desires to sell the Shares, whichshall at a minimum include the number of Shares (“Placement Shares”) to be issued, the time period during which sales are requested to be made,any limitation on the number of Shares that may be sold in any one Trading Day (as defined in Section 3) and any minimum price below whichsales may not be made (a “Placement Notice”), a form of which shall be mutually agreed upon by the Company and Canaccord. The PlacementNotice shall originate from any of the individuals (each an “Authorized Representative”) from the Company set forth on Schedule 1 (with a copy toeach of the other individuals from the Company listed on such schedule), and shall be addressed to each of the individuals from Canaccord setforth on Schedule 1 attached hereto, as such Schedule 1 may be amended from time to time. The Placement Notice shall be effective uponconfirmation by Canaccord unless and until (i) Canaccord declines to accept the terms contained therein for any reason, in its sole discretion, inaccordance with the notice requirements set forth in Section 4, (ii) the entire amount of the Placement Shares have been sold, (iii) the Companysuspends or terminates the Placement Notice in accordance with the notice requirements set forth in Section 4, (iv) the Company issues asubsequent Placement Notice with parameters superseding those on the earlier dated Placement Notice, or (v) the Agreement has beenterminated under the provisions of Section 12.(i)Placement Fee. The amount of compensation to be paid by the Company to Canaccord with respect to each Placement (in addition to anyexpense reimbursement pursuant to Section 7(i)(ii)) shall be equal to 3.0% of gross proceeds from each Placement. |
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| aus der Diskussion: | Palatin Technology / voraussichtliches Marktpotential von 1,3 Mrd $ bis 2020 allein in USA |
| Autor (Datum des Eintrages): | Weltbummler (26.06.19 19:33:54) |
| Beitrag: | 4,132 von 5,764 (ID:60898437) |
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