SCHEDULE 13G: Armistice Capital and Steven Boyd Disclose 8.5% Stake in Palatin Technologies
Beneficial Ownership Report
Armistice Capital, LLC and its managing member Steven Boyd have disclosed a beneficial ownership of 8.5% in Palatin Technologies Inc., as of December 31, 2024.
Summary
- Armistice Capital, LLC and Steven Boyd collectively reported beneficial ownership of 1,992,826 shares of Palatin Technologies Inc. common stock.
- This ownership represents 8.50% of the total outstanding shares of Palatin Technologies Inc.
- The shares are held by Armistice Capital Master Fund Ltd., an investment advisory client of Armistice Capital, LLC.
- Armistice Capital, LLC, as the investment manager, exercises shared voting and dispositive power over these securities.
- Steven Boyd, as the managing member of Armistice Capital, LLC, is also deemed to beneficially own these securities.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently lead to a positive or negative sentiment regarding the company's performance or prospects.
Future Outlook
The document is a beneficial ownership disclosure and does not contain any forward-looking statements or guidance regarding the issuer's future performance or outlook.
Industry Context
This filing is a routine disclosure of a significant passive investment stake by an institutional investor in a publicly traded company, common in the financial industry for transparency regarding large shareholdings.
Related Party Transactions
- Armistice Capital, LLC acts as the investment manager for Armistice Capital Master Fund Ltd., which is the direct holder of the shares.
- Steven Boyd is the managing member of Armistice Capital, LLC and is therefore deemed to beneficially own the shares held by the Master Fund.
Stakeholder Impact
- Shareholders: Disclosure of a significant institutional investor holding 8.5% of the common stock provides transparency regarding the company's ownership structure.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires the filing of this statement (reporting period end). |
| 02/14/2025 | Date the Schedule 13G statement was signed and filed. |
Keywords
Palatin Technologies, Armistice Capital, Steven Boyd, Beneficial Ownership, SEC Filing, Schedule 13G, Common Stock, Investment Management, Shareholder Disclosure
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.