Company: HCWB
Filing Date: 2025-05-09
Form Type: S-1
Source: 0001193125-25-116745
Chunk: 107

Company: HCW Biologics Inc.
Filing Date: 2025-05-09
Form: S-1
Chunk 107
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 day following the commencement of this offering and we will deliver all securities issued in connection with this offering delivery versus payment (“DVP”)/receipt versus payment (“RVP”) upon our receipt of investor funds. Accordingly, neither we nor the placement agent has made any arrangements to place investor funds in an escrow account or trust account since the placement agent will not receive investor funds in connection with the sale of securities offered hereunder. We will deliver the securities being issued to the investors upon receipt of investor funds for the purchase of the securities offered pursuant to this prospectus. We expect to deliver the securities being offered pursuant to this prospectus on or about [●], 2025. Placement Agent Fees and Expenses Upon the closing of this offering, we will pay the placement agent a cash transaction fee equal to 7% of the aggregate gross cash proceeds to us from the sale of the securities in the offering. In addition, we will reimburse the placement agent for certain of its out-of-pocket expenses incurred in connection with this offering, including the placement agent’s legal fees, and actual travel and reasonable out-of-pocket expenses if this offering is completed, in an amount not to exceed $85,000. The following table shows the public offering price, placement agent fees and proceeds, before expenses, to us, assuming the sale of all Units in this offering and no sale of any Pre-Funded Warrants in this offering.

|                                 |     | Per Unit      
 Consisting of 
 Common Stock  
 and Warrants  |     | Per Unit      
 Consisting of 
 Pre-Funded    
 Warrant       
 Stock and     
 Warrants      |     | Total(2) |
| Public offering price           |     |               |     |               |     |          |
| Placement agent fees(1)         |     |               |     |               |     |          |
| Proceeds to us, before expenses |     |               |     |               |     |          |

| (1) | The placement agent fees shall equal 7% of the gross proceeds of the securities sold by us in this offering. |

| (2) | The foregoing assumes that no Pre-Funded Warrants are issued as part of the Units |

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We estimate that the total expenses of the offering, including registration and filing fees,
printing fees and legal and accounting expenses, but excluding the placement agent fees, will be approximately $400,000, all of which are payable by us. This figure includes, among other things, the placement agent’s expenses (including the
legal