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[posting]60898350[/posting]The Offering Issuer Palatin Technologies, Inc. Securities offered by us Shares of our common stock having an aggregate offering price of up to $40,000,000. Shares outstanding after offering 246,090,573 shares, assuming sale of $40,000,000 of shares of common stock at $1.31, the closing sale price on June 18, 2019 (30,534,351 shares). Manner of offering An “at-the-market” offering that may be made from time to time through our sales agent. See “Plan of Distribution.” Use of proceeds We intend to use the proceeds from this offering for research and further development of our product candidates, working capital, capital expenditures, general and administrative expenses and other general corporate purposes. See the section of this prospectus supplement entitled “Use of Proceeds.” NYSE American symbol “PTN” Risk factors You should read the section of this prospectus supplement entitled “Risk Factors”, including the information incorporated by reference, and the other information included in this prospectus supplement for a discussion of factors that you should consider before deciding to invest in our securities. The number of shares of our common stock to be outstanding after this offering is based on 215,556,222 shares outstanding as of June 18, 2019. Unless otherwise indicated, all information in this prospectus supplement, including the number of shares of our common stock to be outstanding after this offering, excludes the following: \u25cf 61,335 shares of common stock reserved as of May 31, 2019 for issuance upon any conversion of our Series A Convertible Preferred Stock outstanding as of June 18, 2019; \u25cf 12,481,399 shares of common stock issuable upon the exercise of stock options at a weighted-average exercise price of $0.75 per share outstanding as of June 18, 2019; \u25cf 4,863,758 shares of common stock issuable upon the vesting of outstanding restricted stock units as of June 18, 2019 which vest on dates between June 11, 2019 and June 26, 2022, subject to the fulfillment of service or performance conditions, some of which are subject to provisions to delay delivery upon vesting; \u25cf 3,950,125 shares of common stock which have vested under restricted stock unit agreements as of June 18, 2019 which are subject to provisions to delay delivery; and \u25cf 23,122,046 shares of common stock issuable upon the exercise of warrants at a weighted-exercise exercise price of $0.77 per share outstanding as of June 18, 2019. http://secfilings.nasdaq.com/filingFrameset.asp?FilingID=135… |
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| aus der Diskussion: | Palatin Technology / voraussichtliches Marktpotential von 1,3 Mrd $ bis 2020 allein in USA |
| Autor (Datum des Eintrages): | benefactor (26.06.19 19:35:09) |
| Beitrag: | 4,133 von 5,764 (ID:60898446) |
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