HCW Biologics enters $4M warrant inducement agreement with investor.

Thursday, Nov 20, 2025 4:35 pm ET1min read

HCW Biologics has entered into a warrant inducement agreement with an investor for the immediate exercise of outstanding warrants. The warrants were issued in November 2024 and May 2025 and have a reduced exercise price. The agreement is priced at-the-market under Nasdaq rules and has a value of $4.0 million.

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