Hoth Therapeutics Announces Pricing of Public Offering

Wealth manager Ken Mathieson is the managing director of Laidlaw Asset Management, LLC in New York. With over 30 years of experience in the financial services industry, Ken Mathieson oversees Laidlaw’s wealth management and investment banking operations. He was recently involved in Laidlaw’s book-running management of Hoth Therapeutics’ public offering.

Hoth Therapeutics, a clinical-stage biopharmaceutical, is working on new therapies to help people with dermatological disorders. The company has several therapies in its pipeline that could improve the lives of people with atopic dermatitis, psoriasis, chronic wounds, and acne.

On March 2020, Hoth announced the pricing of its public offer of 1,449,275 shares of common stock for $3.45 a share. The company expected to raise $5 million from the public offering. The balance, after deducting underwriting discount and offering expenses, would be used to develop therapies against the Corona virus and to support internal operations like administration and marketing.

Hoth had previously filed a shelf registration statement on Form S-3 with the SEC which was declared effective on March 11. It followed up by filing preliminary and accompanying prospectuses with the federal agency on March 23. Both are available on the SEC’s website.

Besides Laidlaw, other companies involved in the public offering are The Benchmark Company LLC, the qualified independent underwriter, and Roth Capital Partners, Hoth’s financial advisor.

Franklin Lakes Public Schools Benefit from Education Foundation

Ken Mathieson of New York, New York earned his master of business administration in finance from Fairleigh Dickinson University and is currently managing director of Laidlaw Asset Management. In 2011 and 2012, Ken Mathieson acted as the co-president for Franklin Lakes Education Foundation which helps raise funds to enhance education at Franklin Lakes through yearly events and donations.

Founded in 1988, the Franklin Lakes Education Foundation aims to provide educational enrichment to students attending four Franklin Lakes, New Jersey public schools: Woodside Avenue School hosts 250 children in pre-kindergarten through fifth grade; High Mountain Road School educates 230 students also in pre-kindergarten through fifth grade; Colonial Road School caters to 332 children from pre-kindergarten to fifth grade; and Franklin Avenue Middle School prepares middle school students for high school.

Through yearly events such as a back-to-school fundraiser, an end-of-year gala, and donations from the community, the foundation has been able to deliver innovative educational tools to students. Such tools have included a 3-D printer, museum field trips, a garden for the Franklin Avenue Middle School science department, and robots that teach second- and third-grade students how to code.

Silberman College of Business Offers Online MBA Program

An accomplished wealth manager, Ken Mathieson applies more than 30 years of experience in the finance industry in his role as the managing director of Laidlaw Asset Management. Prior to working in an executive capacity at Prudential Securities, Smith Barney, and Morgan Stanley, Ken Mathieson earned an MBA in finance from the Silberman College of Business at Fairleigh Dickinson University.

Ranked among the best business schools by Princeton Review (2018), the Silberman College of Business offers undergraduate, graduate, and combined degree programs in accounting, finance, international business, management, and marketing. Silberman has a 31-month accredited online MBA program that provides opportunities for students and young professionals to enhance their competencies in the areas of innovation, business strategy, organizational growth, project management, and human resources.

The online MBA curriculum comprises 12 credits of foundational courses, 18 MBA credits, 10 discipline-enhancing credits, and a two-credit capstone course. Students who have taken related undergraduate courses may request to waive up to 12 credits of foundational courses in financial accounting, statistics and data analysis, economic analysis, and basic principles of finance, management, and marketing. To ease some of the financial burdens, Silberman grants financial aid through scholarships and loans. The college also allows students to transfer academic credits from other universities. Visit https://online.fdu.edu/online-degrees/online-mba/ to learn more about the program.

Choosing Between a Private Foundation and Donor Advised Fund

Ken Mathieson is a respected presence in the New York financial services sphere who currently holds responsibilities as founding partner of Laidlaw Asset Management, LLC. Working with family, corporate, and institutional investors, Ken Mathieson has extensive knowledge of multi-generational strategies that preserve and sustain wealth.

For those looking to leave behind a lasting legacy, two central strategies are a donor advised fund (DAFs) or a private foundation. Providing a sense of prestige and purpose, foundations provide donors with complete control over which qualified charities are given grants. They also offer control over board member and trustee succession over the lifetime of the organization. 

By their nature, foundations are complex with extensive paperwork, as well as the involvement of upfront and annual maintenance fees. In addition, they must annually pay between one to two percent of net investment income to satisfy the excise tax and distribute five percent of their total assets. 

In contrast, DAFs can be set up immediately with no upfront costs involved, and they offer superior tax benefits when it comes to deducting charitable donations. With no excise tax placed on investment gains, they also offer more privacy than foundations, as they can’t be looked up in public databases. 

An overarching advantage of both vehicles is that they enable control over tax deduction timing and when charities distribute funds. This can be strategic move during years of unusually high income.