Palatin Technologies, Inc. (PTN) Monday announced that it has appealed the NYSE American's decision to delist its stock after failing to meet stockholders' equity requirements by the April 10, 2025 deadline.
While the stock continues to trade during the 60-90 day appeal process, a final ruling will determine its listing status.
The company is actively pursuing out-licensing deals, equity financing, and strategic funding to improve its financial position. CEO Carl Spana emphasized confidence in restoring compliance and building a stronger foundation for growth, though success of the appeal remains uncertain.
PTN is currently trading at $0.2075 or 25.7576% higher on the NYSE American.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.