Palatin Technologies (PTN) to Effect 1-for-25 Reverse Stock Split
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Palatin Announces Intent to Effect Reverse Stock Split
August 19, 2022 7:30 AM EDTCommon Stock Will Begin Trading on a Split-Adjusted Basis on August 31, 2022
CRANBURY, N.J., Aug. 19, 2022 /PRNewswire/ -- Palatin Technologies, Inc. (NYSE American: PTN), a biopharmaceutical company developing first-in-class medicines based on molecules that modulate the activity of the melanocortin and natriuretic peptide receptor systems, today announced that it intends to effect a 1-for-25 reverse split of its issued and outstanding common stock (the "Reverse Stock Split"). The Reverse Stock Split will become effective as of 5:00 p.m. Eastern Time on August 30, 2022 (the "Effective Date"),... More
