{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-048586","form_type":"8-K","ticker":"HCWB","cik":"0001828673","company_name":"HCW Biologics Inc.","filed_at":"2025-04-01T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.983287+00:00","generated_at":"2026-05-24T01:05:18.175173+00:00","sec_items":["5.07","8.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"HCW Biologics shareholders approve 1:40 reverse stock split; effective April 11, 2025","bullets":["At special meeting March 31, 2025, shareholders approved reverse split (1:20 to 1:50 range) - 30.7M for, 201k against.","Board set final ratio at 1:40; effective 12:01 a.m. ET April 11, 2025; trading symbol remains HCWB.","Shareholders also approved ELOC with Square Gate Capital Master Fund and conversion of up to $6.905M of senior secured notes.","Note conversion proposal had 19.1M abstentions, suggesting possible insider conflict; approved with 7.8M for.","Reverse split aims to regain Nasdaq listing compliance; new CUSIP 40423R204."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-048586","json":"https://secwatch.observer/filing/0000950170-25-048586.json","markdown":"https://secwatch.observer/filing/0000950170-25-048586.md","text":"https://secwatch.observer/filing/0000950170-25-048586.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1828673/000095017025048586/0000950170-25-048586-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1828673/000095017025048586/hcwb-20250401.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T01:05:18.175173+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}