PTN · Palatin Technologies Inc
$10.48
-0.01 (-0.10%)
At close · Aug 28
Going-concern doubt
— cleared May 13, 2026
The latest filing states the doubt was alleviated.
“While the Company has raised funding in the past, the ability to raise funding in future periods is not considered probable, as defined under the accounting standards. As such, under the requirements of ASC 205-40, management may not consider the potential for future funding in their assessment of the Company's ability to meet its obligations for the next year. Based on the Company's current operating and development plans, including the ability to reduce or delay operating expenses that are within management's control, the Company expects that its existing cash and cash equivalents as of the date of this filing will be sufficient to enable it to fund operations through the next twelve months following the issuance of the financial statements.”View the 10-Q filed May 13, 2026
Market Cap
$18.65M
Shares
1.78M
Notices of intent to sell restricted or control shares, filed with the SEC on Form 144 by insiders and affiliates. A Form 144 signals a planned sale — it does not confirm the shares were actually sold.
| Filed | Seller | Relationship | Shares | Approx. Sale | Broker |
|---|---|---|---|---|---|
| 2025-12-29 | WILLS STEPHEN T | Director | 565 | 2025-12-24 | Charles Schwab Corp. |
| 2024-03-04 | Robert deVeer Jr. | Director | 11,700 | 2024-03-04 | UBS Financial Services Inc |
| 2023-12-06 | DUNTON ALAN W | Member of immediate family of any of the foregoing | 160 | 2023-12-06 | Fidelity Brokerage Services LLC |
| 2023-12-01 | DUNTON ALAN W | Director | 200 | 2023-12-01 | Fidelity Brokerage Services LLC |
Showing 1–4 of 4 filings