HCW Biologics Inc., a clinical-stage biopharmaceutical company, has announced the pricing of its follow-on offering, raising approximately $5.0 million through the sale of 671,140 units at $7.45 each. Each unit consists of one share of common stock and two warrants for additional shares, with the warrants exercisable immediately and expiring in five years. The proceeds will support preclinical and clinical development, business development, patent portfolio expansion, research, and general corporate purposes. Maxim Group LLC is serving as the sole placement agent for the offering.
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