Hoth Therapeutics : Rocket One Reports Approximately $8.4 Million in Cash and Cash Equivalents and Outlines Strategy Across AI Infrastructure, Spintronic Computing for Space and Defense Markets

About this update from Hoth Therapeutics, Inc.

HOBOKEN, N.J., June 15, 2026 /PRNewswire/ -- Rocket One, Inc. (Nasdaq: RKTO) ("Rocket One" or the "Company"), a company focused on advanced computing technologies and next-generation infrastructure for the space economy, today provided an update to its shareholders. Dear Fellow Shareholders, The past several months have marked a transformative period for our Company. Following our transition from Hoth Therapeutics to Rocket One Inc. (Nasdaq: RKTO), we have begun executing a strategy focused on advanced computing, artificial intelligence infrastructure, space systems, and defense-related technologies. We believe the coming decade will be defined by the convergence of artificial intelligence, space infrastructure, and national security modernization. Each of these markets requires increasingly powerful, efficient, and resilient computing architectures. Rocket One was created to pursue opportunities at this intersection. Today, Rocket One is building a foundation that includes exclusive licenses to technology, a growing network of technical and strategic advisors, and a long-term vision focused on next-generation computing technologies and their potential applications across commercial, space, and defense markets. Financial Position As of June 12, 2026, Rocket One had approximately $8.4 million in cash and cash equivalents. The Company's cash position reflects proceeds received through its previously disclosed at-the-market ("ATM") equity program. Additional information regarding shares issued and proceeds received under the ATM program is available in the Company's filings with the U.S. Securities and Exchange Commission at https://www.sec.gov. Building Rocket One Artificial intelligence is rapidly becoming one of the largest infrastructure markets in the world. At the same time, the growth of satellite networks, edge computing, and national security technologies is creating demand for computing architectures that deliver greater performance while consuming less power. Rocket One believes that the same characteristics that make advanced computing technologies attractive for AI infrastructure-including lower power consumption, reduced memory movement, improved efficiency, and enhanced performance-may also prove valuable in future space and defense environments where power, thermal management, reliability, and operational efficiency are critical design constr...

View stock analysis, news, and events for Hoth Therapeutics, Inc.