HCW Biologics amends $20M equity line to allow intraday share sales to Square Gate Capital

HCW Biologics Inc.

First Amendment to $20M Equity Purchase Agreement with Square Gate Capital allows multiple intraday share purchases on same trading day.
Intraday Put Shares priced at 100% of lowest trade price during shortened valuation period after Transfer Agent confirms DWAC.
Company may submit additional put notices only after prior shares' DWAC confirmed; investor must accept within 30 minutes.
Total commitment remains $20M over 36 months; no other changes to original February 2025 terms.

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