{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-044078","form_type":"8-K","ticker":"HCWB","cik":"0001828673","company_name":"HCW Biologics Inc.","filed_at":"2026-09-24T12:30:16+00:00","discovered_at":"2026-09-24T13:00:03.502281+00:00","generated_at":"2026-09-24T13:02:52.891570+00:00","sec_items":["1.01","3.02","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"HCW Biologics prices $1.5M private placement of units with warrants","bullets":["903,614 units at $1.6599/unit; each includes pre-funded warrant (exercise $0.0001) and right to common warrant (exercise $1.66, 5.5-yr) subject to stockholder approval.","Gross proceeds ~$1.5M; net for clinical trial HCW9302, IND-enabling for HCW11-018b and HCW11-040, and general corporate purposes.","Maxim Group LLC sole placement agent; registration statement to be filed within 15 trading days of closing, effective within 60.","Pre-funded warrants carry 9.99% beneficial ownership cap; common warrants 4.99% cap, issuable only after Nasdaq Rule 5635(d) approval."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-044078","json":"https://secwatch.observer/filing/0001493152-26-044078.json","markdown":"https://secwatch.observer/filing/0001493152-26-044078.md","text":"https://secwatch.observer/filing/0001493152-26-044078.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1828673/000149315226044078/0001493152-26-044078-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1828673/000149315226044078/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-09-24T13:02:52.891570+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"}