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.
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