HCW Biologics sued by BE&K for breach of construction contract; Fisk Electric files separate suit

HCW Biologics Inc.

Received BE&K complaint on April 17, 2025, alleging breach of Project Contract and Forbearance Agreement.
BE&K seeks damages, interest, and costs; other defendants filed cross-claims against HCW Biologics.
Fisk Electric filed separate lawsuit on April 18, 2025, against HCW Biologics and others.
Company made $1.0M partial payment to BE&K under forbearance agreement, but loan from Cogent Bank remains classified as short-term debt due to default risk.
Company is seeking alternative financing to satisfy mechanic's liens and complete construction of its headquarters.

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