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HCW Biologics lines up $1.5M, cuts warrant price to $0.6055
HCW Biologics (NASDAQ: HCWB) announced a pricing of a follow-on at-the-market offering of 2,477,292 units at $0.6055 per unit, aiming to raise approximately $1.5 million before fees. The company also plans to seek shareholder approval to reduce the exercise price of up to 3,020,410 existing warrants to $0.6055 per share. Proceeds are intended for funding preclinical and clinical development, specifically for HCW9302, and for general corporate purposes.