HCW Biologics Announces Follow-On Offering Pricing
- Offering Size: HCW Biologics announced a follow-on offering of 2,477,292 units at $0.6055 per unit, expected to generate approximately $1.5 million in gross proceeds, which will fund clinical development, particularly for HCW9302 trials.
- Subscription Terms: Each unit consists of one share of common stock and a warrant with an exercise price of $0.6055, exercisable upon shareholder approval, with the offering expected to close around February 19, 2026.
- Existing Warrant Adjustment: The company has negotiated to reduce the exercise price of existing warrants from $2.41 to $0.6055, pending shareholder approval, aimed at enhancing shareholder value and boosting market confidence.
- Platform Development: HCW Biologics is leveraging its TRBC platform to develop over 50 immunotherapeutic molecules targeting cancer and chronic inflammation-related diseases, showcasing the company's innovative potential in the biopharmaceutical sector.
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- Follow-On Offering Size: HCW Biologics has priced its follow-on offering at $0.6055 per unit for a total of 2,477,292 units, expecting gross proceeds of approximately $1.5 million, which will be allocated towards the clinical development of HCW9302 and general corporate purposes, thereby enhancing the company's financial strength in the biopharmaceutical sector.
- Warrant Details: Each unit consists of one share of common stock and one warrant with an exercise price of $0.6055, exercisable upon shareholder approval, aimed at incentivizing investors and enhancing shareholder value through this strategic offering structure.
- Existing Warrant Adjustment: The company has negotiated to reduce the exercise price of existing warrants from $2.41 to $0.6055, pending shareholder approval, which is intended to alleviate financial burdens on shareholders and potentially boost market confidence in the company's stock.
- Clinical Trial Progress: HCW9302, the company's lead product candidate, has commenced dosing in a multi-center Phase 1 clinical trial targeting autoimmune diseases, demonstrating the company's proactive advancements in developing innovative immunotherapies to address chronic inflammatory conditions.
- Offering Size: HCW Biologics announced a follow-on offering of 2,477,292 units at $0.6055 per unit, expected to generate approximately $1.5 million in gross proceeds, which will fund clinical development, particularly for HCW9302 trials.
- Subscription Terms: Each unit consists of one share of common stock and a warrant with an exercise price of $0.6055, exercisable upon shareholder approval, with the offering expected to close around February 19, 2026.
- Existing Warrant Adjustment: The company has negotiated to reduce the exercise price of existing warrants from $2.41 to $0.6055, pending shareholder approval, aimed at enhancing shareholder value and boosting market confidence.
- Platform Development: HCW Biologics is leveraging its TRBC platform to develop over 50 immunotherapeutic molecules targeting cancer and chronic inflammation-related diseases, showcasing the company's innovative potential in the biopharmaceutical sector.
- Partnership Agreement: HCW Biologics and WY Biotech have signed an exclusive worldwide licensing agreement for the development and commercialization of the $7 million HCW11-006 molecule, marking a significant collaboration that is expected to accelerate drug development efforts.
- Clinical Trial Plans: Trimmune plans to initiate a Phase 1 clinical trial for HCW11-006 in the first half of 2027, aimed at evaluating its efficacy in treating solid tumors, which will introduce new treatment options to the Chinese market and address unmet medical needs.
- Financial Backing: Trimmune has made an initial payment of $1.75 million towards the licensing fee, with the remaining amount due by March 6, 2026, providing robust financial support for the development of HCW11-006 and facilitating a smooth clinical development process.
- Market Potential: HCW Biologics retains a royalty-free option to reclaim rights in the Americas, which, if exercised, would lead to co-development of HCW11-006 with Trimmune, further expanding market opportunities and enhancing the company's competitive position in the global pharmaceutical industry.

Company Overview: HCW Biologics Inc. is a clinical-stage biopharmaceutical company focused on developing novel immunotherapies to combat age-related diseases and chronic inflammation, utilizing their TRBC drug discovery platform.
Product Candidate: The company's lead product, HCW11-040, is a second-generation immune checkpoint inhibitor that combines pembrolizumab with interleukin-7, interleukin-15, and TGF-β receptor components, showing promise in expanding exhausted T cells without side effects.
Upcoming Presentation: HCW Biologics will present data on HCW11-040 at the 40th annual meeting of the Society for Immunotherapy of Cancer (SITC) on November 8, 2025, highlighting its potential as a novel tetra-specific immunotherapeutic.
Forward-Looking Statements: The company has issued forward-looking statements regarding the efficacy of its pembrolizumab-based TRBC fusion molecules, acknowledging the inherent risks and uncertainties in achieving anticipated results.

Company Overview: HCW Biologics Inc. is a clinical-stage biopharmaceutical company focused on developing innovative immunotherapies targeting chronic inflammation and related diseases, with a proprietary TRBC platform for creating various immunotherapeutic compounds.
Upcoming Presentations: The company will present three posters at the 40th Annual Meeting of the Society for Immunotherapy of Cancer from November 5 to 9, 2025, showcasing their lead drug candidates and their potential applications in cancer therapy.

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