Hoth Therapeutics announces 1-for-25 reverse stock split effective Oct 26 to meet Nasdaq bid price requirement

Hoth Therapeutics, Inc.

Reverse stock split at 1:25 ratio becomes effective pre-market on October 26, 2022.
Post-split shares outstanding approximately 1,288,468; authorized shares reduced to 3,000,000.
Common stock continues trading under symbol "HOTH" with new CUSIP 44148G 204.
Fractional shares rounded up to next whole share; no par value change.
Split intended to regain compliance with Nasdaq's $1.00 minimum bid price requirement.

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