PALATIN TECHNOLOGIES INC

We may be involved, from time to time, in various claims and legal proceedings arising in the ordinary course of our business. On February 13, 2025, a complaint was filed in the Supreme Court of the State of New York, County of New York, captionedH.C. Wainwright & Co., LLC (“Wainwright”) v. Palatin Technologies, Inc., Case No: 650878/2025. The complaint names the Company as defendant, asserting three causes of action for breach of contract and seeking monetary damages of approximately $1,000,000and the award of warrants allegedly due. The breach of contract claims relate to engagement agreements entered into by the Company and Wainwright during 2023 and 2024. On March 20, 2025, the Company filed its answer in response to the complaint, in which it denied all liability and asserted several affirmative defenses. In November 2025, the Company entered into a Settlement and Release Agreement with Wainwright, pursuant to which the complaint was dismissed and the Company paid Wainwright $500,000, issued warrants to purchase 10,000 shares of the Company’s common stock at an exercise price of $10.00 per share, and repriced 6,007 other warrants to an exercise price of $10.00 per share.

We are not currently a party to any other claim or legal proceeding.