Engel Law PLLC is investigating whether fair value to Hoth shareholders will result from the proposed merger between Hoth Therapeutics, Inc. (NASDAQ: HOTH) and Algorithm Sciences, Inc., pursuant to which current Hoth shareholders are expected to own approximately 14% of the combined company and current Algorithm shareholders are expected to own approximately 86% of the combined company.
The Firm’s investigation concerns:
(i) whether the Company’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction;
(ii) whether the merger consideration adequately compensates the Company’s shareholders; and
(iii) whether all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.