Full Press Release Details
Hoth Announces Proposed Public Offering of Common Stock
23, 2020/ PR Newswire/ Hoth Therapeutics Inc. (Nasdaq: HOTH) ("Hoth" or the "Company"), a biopharmaceutical
company, today announced that it intends to offer shares of its common stock in a "best efforts" underwritten
public offering. The offering is subject to market and other conditions and there can be no assurance as to whether or when the
offering may be completed, or as to the actual size or terms of the offering.
(UK) Ltd. is acting as sole book-running manager for the offering. The Benchmark Company, LLC is serving as Qualified Independent
Underwriter for the offering. Hoth intends to use the net proceeds from the offering for general corporate purposes, including
the development of products to prevent the COVID-19 virus, working capital, sales and marketing activities, and general and administrative
A shelf registration
statement on Form S-3 (Registration No. 333-236887) relating to the public offering of the shares of common stock described above
was previously filed with the Securities and Exchange Commission (SEC) and declared effective on March 4, 2020. A preliminary prospectus
supplement and accompanying prospectus relating to the underwritten public offering will be filed with the SEC and will be available
on the SEC's website at www.sec.gov. Copies of the preliminary prospectus supplement (when available) and accompanying prospectus
relating to the offering may be obtained from Laidlaw & Company (UK) Ltd., 521 Fifth Ave., 12th Floor, New York,
NY 10175, Attention: Syndicate Dept.; email: syndicate@laidlawltd.com.
shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these
securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or other jurisdiction. Any offer, if at all, will be made only by
means of the prospectus supplement and accompanying prospectus forming a part of the effective registration statement.
About Hoth Therapeutics
Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing new generation therapies for dermatological
disorders. HOTH's pipeline has the potential to improve the quality of life for patients suffering from indications including atopic
dermatitis, chronic wounds, psoriasis, asthma and acne. To learn more, please visit www.hoththerapeutics.com.
Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal
securities laws, including statements regarding the proposed offering, timing and the use of proceeds. Words such as "may,"
"might," "will," "should," "believe," "expect," "anticipate,"
"estimate," "continue," "predict," "forecast," "project," "plan,"
"intend" or similar expressions, or statements regarding intent, belief, or current expectations are forward-looking
statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on
any such forward-looking statements, which are based on information available to us on the date of this release. These forward
looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including
without limitation those set forth in the Company's filings with the Securities and Exchange Commission (the "SEC"),
not limited to Risk Factors relating to its patent business contained therein. Thus, actual results could be materially different.
The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events
or otherwise, except as required by law.
Phone: (646) 756-2997
KCSA Strategic Communications
Valter Pinto, Managing Director