What is HCWB's dilution risk score?

HCWB has a latest available DilutionScore record of 92/100, categorized as critical dilution risk by the DilutionWatch scoring model. DilutionWatch displays SEC filing and dilution indicators for HCWB, including shelf registrations, ATM offerings, warrant exercises, PIPE deals, and reverse split signals when detected in source data.

What SEC filings does DilutionWatch track for HCWB?

DilutionWatch tracks 25 SEC filing types for HCWB including S-3 shelf registrations, 424B prospectuses (ATM offerings), S-1 registration statements, 8-K material events, warrant exercise notices, convertible note agreements, and Form 4 insider transactions. Alerts are delivered via email within minutes of a filing appearing on EDGAR.

How does stock dilution affect HCWB shareholders?

Stock dilution occurs when a company issues new shares, reducing the ownership percentage of existing shareholders. For HCWB, common dilution events include at-the-market (ATM) stock offerings, shelf registration drawdowns, warrant exercises, and convertible note conversions. Each event increases the share count and can pressure the stock price lower.

Is DilutionWatch free for HCWB tracking?

DilutionWatch provides a free tier that shows DilutionScores and basic filing history for HCWB. Premium plans ($19.95/month Basic, $39.95/month Premium) unlock real-time email alerts, the full Pulse™ feed, advanced dilution forecasts, and access to all 10,000+ tracked tickers.

HCWB Dilution Risk Score: 92/100

Score Breakdown

📋 Offering Ability

100

💰 Cash Runway

📊Float Risk—

⚠️ Warrant Exposure

🔄 Convertible Debt

Dilution Forecast

⛈️

Warning

High probability of dilution event

model est. 61%

💰 Capital Raise model 75%

• Critical: only 0.7 months cash remaining

• Active shelf registration ($6M, 206% of market cap)

🔄 Reverse Split model est. 70%

• 50-day avg $0.72 below $1 exchange minimum

• Only 1 months cash — financial pressure

📉 Score Deterioration model 15%

• Score already CRITICAL (92/100) — events likely imminent

🔔 Track HCWB — Get forecast alerts →

Market Data

Market Cap$2.72M

Shares Outstanding1.84M

FloatN/A

Cash$741.3K

Debt$119.4K

Short InterestN/A

Source-Backed Evidence Depth

This public preview uses stored DilutionWatch fields and linked SEC/market records only. Missing values are not estimated.

Field	Current Value	Basis
DilutionScore	92/100	DilutionWatch score record
Shares Outstanding	1.84M	Verified float table or market cache
Public Float	Not available	Verified float table or market cache
Market Cap	$2.72M	Market data cache
Cash Runway	0.7 months	DilutionWatch score inputs
Shelf Capacity	$5.60M	SEC-derived dilution fields
ATM Capacity	None in current score inputs	SEC-derived dilution fields
Outstanding Warrants	None in current score inputs	SEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 7.

Recent SEC source mix: 4 2, 8-K 1, EFFECT 1, S-1/A 1, XBRL 2.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

Institutional Holdings

10 institutional holders · 717.3K shares

#1 Armistice Capital, LLC 300.2K shares

#2 HRT Financial LP 266.4K shares

#3 Virtu Financial LLC 47.8K shares

+ 7 more holders Sign up free to view →

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

Short Interest60.9K

Days to Cover1.0

% of FloatN/A

FINRA data as of Sep 30, 2026

Recent SEC Activity

xbrl XBRL WARRANT 2026-08-14

xbrl XBRL CONVERTIBLE 2025-11-14

8-K 8K EVENT 2026-09-24

EFFECT EFFECT 2026-08-31

S-1/A SHELF 2026-08-28

Full SEC filing analysis available with free account →

Recent News

HCW Biologics Maintains Momentum Toward Completion of IND Application for Clinical Study t GlobeNewswire · Oct 09, 2026

HCW Biologics Announces Pricing of $1.5 Million Private Placement GlobeNewswire · Sep 24, 2026

HCW Biologics Signs Akron Biotech Distribution Deal for CAR-T Manufacturing Reagent InvestorsHub · Sep 08, 2026

HCW Biologics Entered an Exclusive Distribution Agreement with Akron Biotech to Commercial GlobeNewswire · Sep 08, 2026

HCW Biologics Receives US Patent Allowance for HCW9302 in Alopecia Areata MT Newswires · Sep 02, 2026

HCW Biologics Strengthens U.S. Patent Estate for Its Lead Clinical-Stage Immunotherapeutic GlobeNewswire · Sep 02, 2026

HCW Biologics’ TGF-β Trap and IL-15 Fusion is a Novel Moiety to Enhance Immunotherapeutic GlobeNewswire · Aug 25, 2026

HCW Biologics Reports Second Quarter 2026 Business and Clinical Development Highlights and GlobeNewswire · Aug 14, 2026

Factual HCWB Dilution Snapshot

HCW Biologics Inc. (HCWB) has a DilutionScore of 92/100, rated Critical dilution risk. Score date: October 13, 2026.

Stored shelf registration capacity: $5.6M.
Recent SEC activity tracked for HCWB: 8-K on 2026-09-24; EFFECT on 2026-08-31; S-1/A on 2026-08-28.
Score coverage note: Float Risk is excluded because public-float data is unavailable.

This automatically generated snapshot is assembled from stored DilutionWatch data fields and may contain data-source errors or omissions. It is not financial advice, not investment research, and not a recommendation. Do your own research and review the full disclaimer and terms of service.

DilutionScore History — Last 90 Days

HCWB's DilutionScore is currently 92/100 (Critical risk), with 4 score changes tracked over 89 days. The score improved from 77/100 (Critical risk).

Period	Score	Risk Level	Duration
Oct 08 – Oct 13, 2026	92/100	CRITICAL	6 days
Oct 01 – Oct 07, 2026	77/100	CRITICAL	7 days
Aug 22 – Sep 30, 2026	82/100	CRITICAL	40 days
Aug 14 – Aug 21, 2026	87/100	CRITICAL	7 days
Jul 16 – Aug 13, 2026	86/100	CRITICAL	29 days

Score recalculated daily from SEC filings and market data. Sign up free for real-time score change alerts.

Share Dilution History

HCWB shares outstanding have decreased 0.0% from 6.73M (Apr 2026) to 6.73M (May 2026). Each increase represents potential dilution to existing shareholders.

Date	Shares Outstanding	Public Float	Change
May 02, 2026	6.73M	6.15M	▲ 0.85%
Apr 09, 2026	6.73M	6.10M	▲ 1.79%

Share counts sourced from verified regulatory filings. Increases indicate dilution events.

Track HCWB Dilution Risk in Real-Time

DilutionWatch monitors SEC filings 24/7 and alerts you the moment HCWB files a shelf registration, ATM offering, warrant notice, or convertible note. Free tier available — no credit card required.

Start Tracking HCWB — Free

Email alert within minutes of any SEC filing Daily DilutionScore™ recalculation Score history & trend tracking Tracks 8,000+ tickers simultaneously