SPANA CARL 4
4 · PALATIN TECHNOLOGIES INC · Filed Jun 17, 2025
Insider Transaction Report
Form 4
SPANA CARL
DirectorPresident & CEO
Transactions
- Purchase
Series I warrants
2025-06-13+2,727,272→ 3,060,655 totalExercise: $0.11→ Common Stock (2,727,272 underlying) - Purchase
Series D Preferred Stock
2025-06-13$150000.00/sh+1,500$225,000,000→ 1,672,940 total
Footnotes (2)
- [F1]Each share of Series D Convertible Preferred Stock has a stated value of $100 per share, and is convertible to common stock at an initial conversion price of $0.11 per share, for a total of 1,363,636 shares of common stock. The Series D Preferred Stock and Series I common stock purchase warrants were sold at a combined offering price of $0.11 per share of common stock obtainable upon conversion of the Series D Convertible Preferred Stock.
- [F2]The Series I warrants are exercisable on or after the date that approval is obtained from the Issuer's stockholders as may be required by the NYSE American (or any successor entity) (the "Stockholder Approval Date"), and will expire on the five-year anniversary of the Stockholder Approval Date, subject to the terms and conditions contained in such Series I warrant.