India, June 26 -- HCW Biologics Inc. (HCWB) announced a 1-for-6 reverse stock split that will take effect before markets open on June 30, 2026. The move is designed to help the company maintain its listing after receiving specific requirements from a Nasdaq Hearings Panel.
The company said its Board of Directors approved the reverse split, which will become effective at 12:01 a.m. Eastern time on June 30.
Shares will begin trading on a split-adjusted basis that same day under the existing ticker symbol "HCWB".
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Following the split, the number of outstanding shares will shrink from 9.58 million to roughly 1.60 million, while the authorized share count and...