On May 7, 2025, Palatin Technologies, Inc. entered a securities purchase agreement to sell approximately 76.7 million shares at $0.15 each, expected to raise $11.5 million for working capital, but trading was suspended due to non-compliance issues with NYSE. The company restructured the offering to raise about $1.1 million instead after some investors withdrew post-commencement of trading on the OTC Pink Market.