PALATIN TECHNOLOGIES INC (PTNT) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: November 14, 2025

Risk Assessment Details

Potential Dilution: 142.27% of current shares
Recent Dilution: 8874.47% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
970K
Potential Supply
1.4M
Additional shares possible
Splits
3 Splits 2 Reverse
Past 2 years

Summary

PTNT currently has 972K outstanding shares. with significant dilution risk as 1.38M authorized shares could dilute existing holders by 142.3%. The company has significantly diluted shareholders by 8874.47% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 3 stock splits (positive for accessibility) and 2 reverse splits (concerning signal).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Nov 14, 2025

10-Q filing | 1.0M shares outstanding

970K 1.4M
Nov 12, 2025

8-K filing: Palatin Technologies, Inc. closed on the exercise of the over-allotment option by the Underwriters in connection with the Company's firm commitment public offering, resulting in additional gross proceeds of approximately $2.37 million. ($18.79M proceeds)

970K 1.4M
Oct 17, 2025

S-1/A filing: This is a firm commitment public offering of common stock, Series J common stock purchase warrants, and Series K common stock purchase warrants. It also includes the opportunity for certain purchasers to purchase pre-funded warrants in lieu of shares of common stock.

970K 1.4M
Oct 01, 2025

S-1/A filing: The company issued and sold Series B and Series C Preferred Stock with warrants, raising $15,000,000, which was later redeemed.

930K 0
Sep 23, 2025

10-K filing | 0.9M shares outstanding

930K 0
Sep 10, 2025
Stock Split

8-K filing: Stock split 1-for-50 | Outstanding: 526,891 → 10,537

11K 0
Aug 11, 2025
Stock Split

8-K filing: Stock split one-for-fifty | Outstanding: 526,891 → 10,537

11K 0
Aug 08, 2025
Stock Split

8-K filing: Stock split 1-for-50 | Outstanding: 26,344,584 → 526,891

530K 0
Jun 13, 2025

8-K filing: Palatin Technologies, Inc. closed a private placement on June 13, 2025, issuing Series D Convertible Preferred Stock and Series I common stock purchase warrants for gross proceeds of $340,000, with the intention to use the net proceeds for general working capital purposes. ($0.34M proceeds)

26M 0
May 14, 2025

10-Q filing | 26.3M shares outstanding

26M 0
May 08, 2025

8-K filing: Palatin Technologies, Inc. entered into a securities purchase agreement to sell and issue 76,666,667 shares of common stock at $0.15 per share in a registered public offering, along with common stock equivalents and warrants to purchase additional shares, with gross proceeds expected to be $11.5 million for general working capital purposes. ($11.5M proceeds)

39M 0
May 05, 2025

S-1/A filing: This S-1/A filing relates to the offering of up to 57,339,449 shares of common stock and accompanying warrants, or pre-funded warrants and accompanying warrants, for working capital and general corporate purposes, including development work on bremelanotide and tirzepatide combination.

39M 0
Apr 02, 2025

RW filing: This RW filing withdraws the request for acceleration of the effective date of the registration statement, indicating that the company is no longer requesting the Registration Statement to be declared effective at this time.

28M 0
Mar 31, 2025

S-1 filing: This S-1 filing details a reasonable best efforts offering of common stock and warrants, or pre-funded warrants and warrants, with the net proceeds intended for working capital and general corporate purposes, including development work on a combination of bremelanotide and tirzepatide.

28M 0
Feb 13, 2025

10-Q filing | 23.5M shares outstanding

23M 0
Feb 10, 2025

8-K filing: Palatin Technologies, Inc. entered into a securities purchase agreement to sell 2,550,000 shares of common stock and pre-funded warrants to purchase up to 2,138,000 shares of common stock in a registered direct offering, along with unregistered common stock purchase warrants to purchase up to 4,688,000 shares of common stock in a concurrent private placement, with gross proceeds of approximately $4.7 million. ($4.69M proceeds)

20M 3M
Dec 16, 2024

8-K filing: The company entered into an inducement letter with an exercising holder to induce the exercise of existing warrants for 3,907,679 shares of common stock at an adjusted price of $0.875, in exchange for Series C and Series D warrants. ($3.4M proceeds)

20M 3M
Nov 14, 2024

10-Q filing | 19.8M shares outstanding

20M 3M
Oct 22, 2024

S-1/A filing: This prospectus relates to the offer and sale by the selling stockholders of up to an aggregate of 4,849,915 shares of common stock of Palatin Technologies, Inc., consisting of shares issuable upon exercise of Series A and Series B common stock purchase warrants.

12M 11M
Sep 30, 2024

10-K filing | 11.7M shares outstanding

12M 16M
Jul 25, 2024

S-1 filing: This prospectus relates to the offer and sale by the selling stockholders of up to an aggregate of 4,849,915 shares of common stock, consisting of shares issuable upon exercise of Series A and Series B common stock purchase warrants.

16M 12M
Jun 21, 2024

8-K filing: The Company entered into an agreement with an Exercising Holder to exercise Existing Warrants to purchase 3,233,277 shares of common stock at a reduced price of $1.88 per share, and in exchange, the Company will issue 4,849,915 warrants to purchase shares of common stock. ($6.1M proceeds)

16M 1.8M
May 15, 2024

10-Q filing | 16.1M shares outstanding

16M 1.8M
Mar 14, 2024

S-1 filing: This S-1 filing relates to the offer and sale of up to 1,923,078 shares of common stock by selling stockholders, consisting of shares issuable upon exercise of common stock purchase warrants and placement agent warrants.

12M 6.3M
Feb 14, 2024

10-Q filing | 11.7M shares outstanding

12M 2.5M
Feb 01, 2024

8-K filing: Palatin Technologies, Inc. sold 1,831,503 shares of common stock at $5.46 per share in a registered direct offering and issued unregistered warrants to purchase up to 1,831,503 shares, with net proceeds of approximately $9.2 million used for general working capital purposes; also issued placement agent warrants to purchase up to 91,575 shares of common stock. ($10.0M proceeds)

12M 2.5M
Dec 04, 2023

S-1 filing: This S-1 filing describes the offering of up to 2,476,416 shares of common stock by selling stockholders, consisting of shares issuable upon exercise of warrants issued in connection with a previous financing.

12M 2.5M
Nov 14, 2023

10-Q filing | 11.7M shares outstanding

12M 0
Oct 24, 2023

8-K filing: Palatin Technologies, Inc. closed a registered direct offering on October 24, 2023, involving the sale of common stock and pre-funded warrants, along with a concurrent private placement of unregistered warrants, for net proceeds of $4.5 million to be used for general corporate purposes.

9.3M 0
Sep 28, 2023

10-K filing | 9.3M shares outstanding

9.3M 0
May 15, 2023

10-Q filing | 9.3M shares outstanding

9.3M 0
Feb 14, 2023

10-Q filing | 9.3M shares outstanding

9.3M 0
Nov 30, 2022

8-K filing: Palatin Technologies, Inc. extended its manufacturing agreement with Lonza Ltd. until June 30, 2024, and redeemed all outstanding Series B and Series C Convertible Redeemable Preferred Stock for $15,750,000. ($15.75M proceeds)

9.3M 0
Nov 14, 2022

10-Q filing | 9.3M shares outstanding

9.3M 0
Nov 02, 2022

8-K filing: Palatin Technologies, Inc. entered into a securities purchase agreement to sell 1,020,000 shares of common stock, pre-funded warrants to purchase up to 798,182 shares, and common warrants to purchase up to 1,818,182 shares in a registered direct offering that closed on November 2, 2022, with net proceeds of approximately $9.1 million.

9.3M 0
Sep 23, 2022

S-3/A filing: Palatin Technologies files an S-3/A to offer up to $100,000,000 of common stock, preferred stock, debt securities, warrants, purchase contracts or units in any combination.

9.3M 9.7M
Sep 22, 2022

10-K filing | 9.2M shares outstanding

9.2M 9.8M
Aug 30, 2022
Stock Split

8-K filing: Stock split 1-for-25 | Outstanding: 230,049,691 → 9,280,000

9.3M 0
May 16, 2022

10-Q filing | 230.0M shares outstanding

230M 240M
Feb 14, 2022

10-Q filing | 230.0M shares outstanding

230M 240M
Feb 07, 2022

S-3 filing: Palatin Technologies, Inc. is offering an aggregate of $100,000,000 of common stock, preferred stock, debt securities, warrants, purchase contracts or units in any combination of the foregoing.

230M 240M
Nov 15, 2021

10-Q filing | 230.0M shares outstanding

230M 0
Sep 28, 2021

10-K filing | 231.3M shares outstanding

230M 0
May 14, 2021

10-Q filing | 229.3M shares outstanding

230M 0
Feb 16, 2021

10-Q filing | 229.3M shares outstanding

230M 0
Nov 16, 2020

10-Q filing | 229.3M shares outstanding

230M 0
Sep 25, 2020

10-K filing | 160.5M shares outstanding

160M 0
May 11, 2020

10-Q filing | 226.8M shares outstanding

230M 0
Feb 10, 2020

10-Q filing | 226.8M shares outstanding

230M 0
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