Palatin: NYSE American accepts listing standards compliance plan

Palatin Technologies announced it received a notice from the staff of NYSE American approving Palatin’s plan to come into compliance with the Exchange’s continued listing standards under Section 1003(a)(i) and (ii) of the NYSE American Company Guide. Section 1003(a)(i) requires a listed company to have stockholders’ equity of $2M or more if the listed company has reported losses from continuing operations and/or net losses in two of its three most recent fiscal years, and Section 1003(a)(ii) requires a listed company to have stockholders’ equity of $4M or more if the listed company has reported losses from continuing operations and/or net losses in three of its four most recent fiscal years.