Palatin Technologies (PTN) received a notice Thursday from NYSE American to delist the company's common stock on the bourse after it failed to regain compliance in the 18-month period.
The company was on notice for non-compliance related to listing rules for minimum stockholders' equity requirements, the company said.
The company said it plans to appeal against the notice, and has until April 25 to do so, the announcement states.
Palatin Technologies said it expects its common stock to continue to trade on NYSE American during the appeal process.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.