# HCW Biologics Enters into $4.0 Million Warrant Inducement Priced At-the-Market Under Nasdaq Rules
Canonical URL: https://biopharmsignal.com/news/HCWB/hcw-biologics-enters-into-4-0-million-warrant-inducement-priced-at-the-market-un-c6bbc5a8
Ticker: HCWB
Company: HCW Biologics
Source: HCW Biologics
Published: 2025-11-19 13:30 EST
## Summary

HCW Biologics Inc. (“HCWB” or the “Company”) (NASDAQ: HCWB), a U.S.-based clinical-stage biopharmaceutical company focused on discovering and developing innovative immunotherapies to extend health span by targeting the link between chronic inflammation and disease, today announced it has entered into a warrant inducement agreement with an investor (“Investor”) for the immediate exercise of certain outstanding warrants that the Company issued on November 20, 2024 (the “November 2024 Warrants”) and May 15, 2025 (the “May 2025 Warrants”), respectively. Pursuant to a warrant inducement agreement, the Investor has agreed to a reduced exercise price of the outstanding November 2024 Warrants and May 2025 Warrants to an amended exercise price of $2.66, and to exercise the outstanding November 2024 Warrants to purchase an aggregate of 167,925 shares of the Company’s common stock and the outstanding May 2025 Warrants to purchase an aggregate of 1,342,280 shares of the Company’s common stock, at the amended exercise price of $2.66. The gross proceeds from the exercise of the warrants are expected to be approximately $4.0 million, prior to deducting financial advisory fees and estimated offering expenses.

## Article Body
HCW Biologics Inc. (“HCWB” or the “Company”) (NASDAQ: HCWB), a U.S.-based clinical-stage biopharmaceutical company focused on discovering and developing innovative immunotherapies to extend health span by targeting the link between chronic inflammation and disease, today announced it has entered into a warrant inducement agreement with an investor (“Investor”) for the immediate exercise of certain outstanding warrants that the Company issued on November 20, 2024 (the “November 2024 Warrants”) and May 15, 2025 (the “May 2025 Warrants”), respectively. Pursuant to a warrant inducement agreement, the Investor has agreed to a reduced exercise price of the outstanding November 2024 Warrants and May 2025 Warrants to an amended exercise price of $2.66, and to exercise the outstanding November 2024 Warrants to purchase an aggregate of 167,925 shares of the Company’s common stock and the outstanding May 2025 Warrants to purchase an aggregate of 1,342,280 shares of the Company’s common stock, at the amended exercise price of $2.66. The gross proceeds from the exercise of the warrants are expected to be approximately $4.0 million, prior to deducting financial advisory fees and estimated offering expenses.
## Recent Company News
- 2026-07-23 12:00 EST — [HCW Biologics Reaches Milestones for Its Proprietary Tetravalent Second-Generation T-Cell Engager Program On Track To Initiate Clinical Trials in First Half 2027](https://biopharmsignal.com/news/HCWB/hcw-biologics-reaches-milestones-for-its-proprietary-tetravalent-second-generati-fd18e4a2) — Source: HCW Biologics
- 2026-06-30 12:25 EST — [HCW Biologics Regained Compliance with Bid Price Rule Per Nasdaq Compliance Letter](https://biopharmsignal.com/news/HCWB/hcw-biologics-regained-compliance-with-bid-price-rule-per-nasdaq-compliance-lett-e27131c5) — Source: HCW Biologics
- 2026-06-26 12:55 EST — [HCW Biologics Announces 1-for-6 Reverse Stock Split Effective on June 30, 2026](https://biopharmsignal.com/news/HCWB/hcw-biologics-announces-1-for-6-reverse-stock-split-effective-on-june-30-2026-31a4d4f1) — Source: HCW Biologics
- 2026-06-16 11:00 EST — [HCW Biologics Announces Positive Results for Preliminary Human Data Readout for Phase 1 Clinical Trial Evaluating IL-2 Based Fusion Immunotherapeutic, HCW9302 Monotherapy, in Alopecia Areata](https://biopharmsignal.com/news/HCWB/hcw-biologics-announces-positive-results-for-preliminary-human-data-readout-for--d173c93d) — Source: HCW Biologics
- 2026-05-27 11:45 EST — [HCW Biologics Exercised Option to Regain Full Rights for Two Commercial-Ready Reagents from Wugen](https://biopharmsignal.com/news/HCWB/hcw-biologics-exercised-option-to-regain-full-rights-for-two-commercial-ready-re-06b1f3a5) — Source: HCW Biologics
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