---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-076994"
form_type: "8-K"
ticker: "HCWB"
cik: "0001828673"
company_name: "HCW Biologics Inc."
filed_at: "2025-05-23T23:59:59+00:00"
generated_at: "2026-05-20T15:17:26.744000+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# HCW Biologics issues 126,000 shares upon Armistice warrant exercise

## Summary
- Issued 126,000 common shares to Armistice Capital Master Fund on May 22, 2025 upon exercise of pre-funded warrants at $0.0001/share.
- Remaining pre-funded warrants held by Armistice cover 210,000 shares as of May 22, 2025.
- This is the second exercise tranche; 177,140 shares were issued on May 15, 2025 from the same warrants.
- Exercise generates negligible proceeds to the company due to $0.0001 per share exercise price.

## SEC filing metadata
- accession: 0000950170-25-076994
- form_type: 8-K
- ticker: HCWB
- cik: 0001828673
- company_name: HCW Biologics Inc.
- filed_at: 2025-05-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828673/000095017025076994/0000950170-25-076994-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828673/000095017025076994/hcwb-20250521.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-076994
- JSON: https://secwatch.observer/filing/0000950170-25-076994.json
- Plain text: https://secwatch.observer/filing/0000950170-25-076994.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.