Visitors Now:
Total Visits:
Total Stories:
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Palatin plummets after pricing stock offering

Thursday, December 1, 2016 7:47
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Palatin Technologies Inc (NYSEMKT:PTN) took a battering in pre-market trading, as it revealed the size of the discount it will swallow in its share offering.

The company lost more than a quarter of its value, with the shares slumping from US$0.817 overnight to US$0.59, as the biopharmaceutical company said it would offer stock and warrant units at 65 cents a pop. The warrants included in the units will be exercisable at 80 cents each.

The company is seeking to raise US$16.5mln from the issue.

Story by ProactiveInvestors

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.