05:55 PM EDT, 10/07/2024 (MT Newswires) -- Palatin Technologies ( PTN ) said late Monday it received noncompliance notice from the NYSE American for not having stockholders' equity of at least $6 million if they have reported losses from continuing operations and/or net losses in five most recent fiscal years.

The company said the exchange has granted it until April 10, 2025, to regain compliance.

"Palatin ( PTN ) is assessing and exploring multiple funding avenues and is committed to undertaking a transaction or transactions in the future to achieve compliance with the exchange's requirements," the company said.

Palatin ( PTN ) shares were down 2.2% in after-hours activity.

Price: 0.8900, Change: -0.02, Percent Change: -2.20