Company: HCWB
Filing Date: 2025-05-09
Form Type: S-1
Source: 0001193125-25-116745
Chunk: 16

Company: HCW Biologics Inc.
Filing Date: 2025-05-09
Form: S-1
Chunk 16
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 our directors, officers and certain stockholders are subject to certain lock-up restrictions as identified in the section titled “Plan of Distribution”                                                                               |
| Nasdaq Symbol:                                                            |     | Our Common Stock is listed on Nasdaq under the symbol “HCWB”. There is no established trading market for the Common Stock Warrants or the Pre-Funded Warrants, and we do not expect a trading market to develop. We do not                           
 intend to list the Common Stock Warrants or the Pre-Funded Warrants on any securities exchange or other trading market. Without a trading market, the liquidity of the Common Stock Warrants or the Pre-Funded Warrants will be extremely            
 limited.                                                                                                                                                                                                                                             |
| Adjustment to Outstanding Warrants:                                       |     | We may enter into privately negotiated agreements with the holders of certain existing outstanding warrants to purchase up to [ ] shares of Common Stock (the “Prior Warrants”) to, among other things, reduce the                                   
 exercise price of such Prior Warrants and to extend the current expiration date of the Prior Warrants. There can be no assurance that we will amend the Prior Warrants or as to the final terms of any amendments to the Prior Warrants.             |

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CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This prospectus and the information incorporated herein by reference contain forward-looking. Forward- looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations, and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions. This includes, without limitation, statements regarding the financial position and the plans and objectives of management for our future operations. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this prospectus, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “strive,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this prospectus and in any document incorporated by reference in this prospectus, including the Annual Report filed on Form 10-K on March 28, 2025 (the “Annual Report”), may include,