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Benzinga
Benzinga
Business
Akanksha Bakshi

Hoth Therapeutics Plunges Afterhours On Secondary Public Offering Of Common Stock

SEC Nasdaq
  • Hoth Therapeutics Inc (NASDAQ:HOTH) says it has commenced an underwritten public offering. Details were not disclosed.
  • The company's proposed offering of the common stock is being offered under a "shelf" registration statement on Form S-3 filed with SEC and declared effective by the SEC on March 11, 2020.
  • A prospectus supplement describing the terms of the public offering will be filed with the SEC.
  • During the market session, the Hoth Therapeutics shares surged more than 100% after the company announced development updates for its novel cancer therapeutic, HT-KIT.
  • Related: Why Are Hoth Therapeutics Shares Surging More Than 100% Today?
  • Price Action: HOTH shares are trading lower by 13.29% at $0.91 during the post-market session on Monday.
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