Company: HCWB
Filing Date: 2025-02-11
Form Type: PRE 14A
Source: 0001193125-25-024372
Chunk: 6

Company: HCW Biologics Inc.
Filing Date: 2025-02-11
Form: PRE 14A
Chunk 6
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 and Restated Senior Secured Note Purchase Agreement dated July 7, 2024, as amended by the First Amendment to Amended and Restated Senior Secured Note Purchase Agreement dated                
 September 30, 2024, and as it may be further amended in accordance with the Principal Terms for Conversion Amendment, which has been approved in principle by the Board of Directors and the Noteholders and set forth on Appendix __ attached 
 hereto (the “Principal Terms for Conversion”) and such additional terms and conditions not materially inconsistent with such Principal Terms for Conversion as the Board of Directors may hereafter approve (the “Note Conversion”)            
 (“Proposal Three”).                                                                                                                                                                                                                            |

Additionally, stockholders may be asked to transact any other business as may properly come before the Special Meeting or any adjournment or postponement thereof.

| Q: | Could matters other than Proposal One, Proposal Two and Proposal Three be decided at the meeting? |

| A: | Our bylaws require that we receive advance notice of any proposal to be brought before the meeting by                                                                                                                                                  
 stockholders of HCW Biologics, and we have not received notice of any such proposals. If any other matter were to come before the meeting, the proxy holders appointed by our board of directors will have the discretion to vote on those matters for 
 you.                                                                                                                                                                                                                                                   |

| Q: | How does the board of directors recommend I vote on these proposals? |

| A: | Our board of directors recommends that you vote your shares: |

| • |     | “FOR” the Reverse Stock Split (Proposal One); and |

| • |     | “FOR” the ELOC (Proposal Two); and |

| • |     | As four of five directors are also Noteholders, the board of directors does not make a recommendation with 
 respect to the Senior Secured Note Conversion (Proposal Three).                                            |

| Q. | How can I access the proxy materials? |

| A: | We are mailing the Special Meeting proxy materials to our stockholders and also providing access to those                                                                                                                                              
 materials over the Internet. In connection with this process, a Notice of Internet Availability is being mailed to our stockholders who have not previously requested electronic access to our proxy materials or paper proxy materials. The Notice of 
 Internet Availability contains instructions on how you may access and review our                                                                                                                                                                       |

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| proxy materials on the internet and how you may submit a proxy for your shares over the internet. The Notice of Internet Availability will also tell you how to request our proxy materials in