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HCW Biologics to implement 1-for-6 reverse stock split on June 30, 2026 to meet Nasdaq listing rules.

Company Fundamentals
26 Jun 2026
GlobeNewsWire
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Neutral
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HCW Biologics announced a 1-for-6 reverse stock split effective June 30, 2026, to maintain compliance with Nasdaq's minimum bid price rule after its stock traded above $1.00 for 28 consecutive days. The reverse split will reduce the number of outstanding shares from about 9.58 million to approximately 1.6 million without changing shareholders' ownership percentages. This move follows a Nasdaq Hearings Panel decision requiring the company to keep its stock price above $1.00 or face delisting. The company's stock will continue trading under the symbol HCWB on a split-adjusted basis, and shareholders holding fractional shares will receive one whole share instead.

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