HCW Biologics to Raise $6.9 Million in Gross Proceeds From Direct Offering, Private Placement; Shares Extend Gains Premarket

MT Newswires Live11-19 19:28

HCW Biologics (HCWB) disclosed late Monday an agreement for a single institutional investor to purchase about 6.7 million shares in a registered direct offering priced above market under Nasdaq rules.

In a concurrent private placement, the company also agreed to issue unregistered warrants to purchase up to an aggregate of about 6.7 million shares.

The combined effective offering price for each share and accompanying warrants is $1.03. The warrants will have an exercise price of $1.03 per share, be exercisable immediately, and expire five years after the issuance date.

The gross proceeds from the registered direct offering and concurrent private placement are estimated to be about $6.9 million.

The offering will likely close on or about Nov. 20.

Shares of the company were up over 37% in premarket activity Tuesday after closing up 311% in regular trading on Monday.

Price: 1.7100, Change: +0.47, Percent Change: +37.90

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2484912334?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-19 19:28","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2484912334","market":"sh","top_or_hot":-1,"title":"HCW Biologics to Raise $6.9 Million in Gross Proceeds From Direct Offering, Private Placement; Shares Extend Gains Premarket","media":"MT Newswires Live","content":"<html><body><p> HCW Biologics (HCWB) disclosed late Monday an agreement for a single institutional investor to purchase about 6.7 million shares in a registered direct offering priced above market under Nasdaq rules.</p><p>In a concurrent private placement, the company also agreed to issue unregistered warrants to purchase up to an aggregate of about 6.7 million shares.</p><p>The combined effective offering price for each share and accompanying warrants is $1.03. The warrants will have an exercise price of $1.03 per share, be exercisable immediately, and expire five years after the issuance date.</p><p>The gross proceeds from the registered direct offering and concurrent private placement are estimated to be about $6.9 million.</p><p>The offering will likely close on or about Nov. 20.</p><p>Shares of the company were up over 37% in premarket activity Tuesday after closing up 311% in regular trading on Monday.</p><p>Price: 1.7100, Change: +0.47, Percent Change: +37.90</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>HCW Biologics to Raise $6.9 Million in Gross Proceeds From Direct Offering, Private Placement; Shares Extend Gains Premarket</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHCW Biologics to Raise $6.9 Million in Gross Proceeds From Direct Offering, Private Placement; Shares Extend Gains Premarket\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-19 19:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>HCW Biologics (HCWB) disclosed late Monday an agreement for a single institutional investor to purchase about 6.7 million shares in a registered direct offering priced above market under Nasdaq rules....</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4539","symbol_name":"次新股","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2484912334","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484912334","pubTimestamp":1732015728,"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"HCW Biologics  disclosed late Monday an agreement for a single institutional investor to purchase about 6.7 million shares in a registered direct offering priced above market under Nasdaq rules.In a concurrent private placement, the company also agreed to issue unregistered warrants to purchase up to an aggregate of about 6.7 million shares.The combined effective offering price for each share and accompanying warrants is $1.03. The warrants will have an exercise price of $1.03 per share, be exercisable immediately, and expire five years after the issuance date.The gross proceeds from the registered direct offering and concurrent private placement are estimated to be about $6.9 million.The offering will likely close on or about Nov. 20.Shares of the company were up over 37% in premarket activity Tuesday after closing up 311% in regular trading on Monday.Price: 1.7100, Change: +0.47, Percent Change: +37.90","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4539":"次新股","BK4139":"生物科技","HCWB":"HCW Biologics Inc."},"translate_title":"HCW Biologics将通过直接发行、私募筹集690万美元的总收益；盘前股价扩大涨幅","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HCWB":1},"content_text":"HCW Biologics (HCWB) disclosed late Monday an agreement for a single institutional investor to purchase about 6.7 million shares in a registered direct offering priced above market under Nasdaq rules.In a concurrent private placement, the company also agreed to issue unregistered warrants to purchase up to an aggregate of about 6.7 million shares.The combined effective offering price for each share and accompanying warrants is $1.03. The warrants will have an exercise price of $1.03 per share, be exercisable immediately, and expire five years after the issuance date.The gross proceeds from the registered direct offering and concurrent private placement are estimated to be about $6.9 million.The offering will likely close on or about Nov. 20.Shares of the company were up over 37% in premarket activity Tuesday after closing up 311% in regular trading on Monday.Price: 1.7100, Change: +0.47, Percent Change: +37.90","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Shareholding Changes","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2484912334"}