HCW Biologics Inc. has announced a regulatory issue concerning its listing on the Nasdaq Capital Market. On June 26, 2025, the company received a formal notice from Nasdaq's Listing Qualifications Staff indicating compliance with Listing Rule 5550(b)(1), but remains under a "Panel Monitor" until June 23, 2026. Further, as of June 30, 2025, HCW Biologics was found non-compliant with the Equity Rule, prompting a notice from Nasdaq on August 19, 2025, that its securities would be suspended from trading on August 28 unless a hearing request is filed by August 26. The company intends to request this hearing to delay suspension and is exploring options to regain compliance, though there is no guarantee of success.
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