Sirenia Capital Management LP Discloses New 9.9% Stake in Palatin Technologies Inc via Warrants

Sirenia Capital Management LP and Alex Silverstein have filed a Schedule 13G indicating a new 9.9% ownership stake in Palatin Technologies Inc (PTNT) as of March 31, 2026. The reporting persons beneficially own 2,307,000 shares of common stock, which includes 2,192,000 shares issuable upon the exercise of warrants held by SILV Fund, Ltd. (the Sirenia Fund). Sirenia Capital Management LP serves as the investment manager for the Sirenia Fund, while Alex Silverstein is the managing member of the general partner of Sirenia. The reported ownership is subject to a 9.99% blocker provision contained within the warrants, which prevents the reporting persons from exercising the warrants if it would result in beneficial ownership exceeding 9.99% of the outstanding common stock. Based on the issuer's most recent quarterly report, the filing assumes 1,772,199 shares were outstanding as of February 13, 2026. The securities were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.