HCW Biologics Announces Pricing of $1.5 Million Private Placement

MIRAMAR, Fla., Sept. 24, 2026 (GLOBE NEWSWIRE) -- HCW Biologics Inc. (the “Company” or “HCW Biologics”), (NASDAQ: HCWB), a clinical-stage biopharmaceutical company developing transformative fusion immunotherapeutics to treat autoimmune diseases, cancer and senescence-associated dysplasia, today announced the pricing of its $1.5 million private placement (the “Offering”) with an existing stockholder of the Company, (the “Investor”). Pursuant to a securities purchase agreement entered into on September 23, 2026 with the Investor (the “Purchase Agreement”), the Company agreed to issue and sell an aggregate of 903,614 units (the “Units”), with each Unit consisting of (i) one pre-funded warrant (a “Pre-Funded Warrant”) to purchase one share of the Company’s common stock, par value $0.0001 per share, (“Common Stock”) and (ii) the right to receive one common stock purchase warrant (a “Common Warrant”) to purchase one share of Common Stock, and subject to, stockholder approval of the issuance thereof.