{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-038240","form_type":"8-K","ticker":"HCWB","cik":"0001828673","company_name":"HCW Biologics Inc.","filed_at":"2026-08-14T19:00:21+00:00","discovered_at":"2026-08-14T19:02:02.665286+00:00","generated_at":"2026-08-14T19:02:08.258374+00:00","sec_items":["4.02"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"HCW Biologics non-reliance on Q1 2026 financials; EPS overstated by $0.80","bullets":["Audit Committee concluded Aug 10, 2026 that Q1 2026 financials in Form 10-Q (filed May 14, 2026) should no longer be relied upon.","EPS overstated by $0.80: reported $2.19 basic/diluted; correct two-class allocation is 63.3% to common, 36.7% to participating securities.","As of Mar 31, 2026: 904,312 weighted-average common shares; 524,501 shares from participating warrants outstanding.","Material weakness in internal control over financial reporting: ineffective technical accounting review of complex warrant instruments.","Company will file Form 10-Q/A and amend registration statements; remediation measures include enhanced technical accounting review."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-038240","json":"https://secwatch.observer/filing/0001493152-26-038240.json","markdown":"https://secwatch.observer/filing/0001493152-26-038240.md","text":"https://secwatch.observer/filing/0001493152-26-038240.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1828673/000149315226038240/0001493152-26-038240-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1828673/000149315226038240/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-14T19:02:08.258374+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"}