{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-072700","form_type":"8-K","ticker":"HCWB","cik":"0001828673","company_name":"HCW Biologics Inc.","filed_at":"2025-05-15T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.984097+00:00","generated_at":"2026-05-21T05:33:59.481677+00:00","sec_items":["1.01","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"HCW Biologics prices $5.0M follow-on offering at $7.45/unit, amends existing warrants","bullets":["671,140 units priced at $7.45/unit, each consisting of one share (or pre-funded warrant) and two warrants.","Gross proceeds of $5.0M; closed May 15, 2025; Maxim Group as sole placement agent.","Amended existing warrants for 167,925 shares, reducing exercise price from $41.20 to $7.45 per share.","Warrants exercisable immediately at $7.45, expire in five years; pre-funded warrants at $0.0001, no expiration.","Proceeds to fund clinical trials for HCW9302, business development, R&D, and general corporate purposes."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-072700","json":"https://secwatch.observer/filing/0000950170-25-072700.json","markdown":"https://secwatch.observer/filing/0000950170-25-072700.md","text":"https://secwatch.observer/filing/0000950170-25-072700.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1828673/000095017025072700/0000950170-25-072700-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1828673/000095017025072700/hcwb-20250513.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-21T05:33:59.481677+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"}