Bankruptcy: HCW Biologics Inc.

Form Type: 8-K

Filing Date: 2025-04-22

Corporate Action: Bankruptcy

Type: Update

Accession Number: 000095017025056843

Filing Summary: On April 17, 2025, HCW Biologics Inc. received a summons and complaint filed by BE&K Building Group, LLC in the Circuit Court of Broward County, Florida, alleging breach of contract by the Company regarding project renovations. The company previously engaged in a 2022 Loan Agreement to finance property construction and renovation, but faced repeated delays and financial issues, including subcontractors filing mechanic's liens. A forbearance agreement was established with BE&K, allowing further time to secure financing. The company is navigating claims from subcontractors and is required to respond to the BE&K complaint by May 7, 2025. Additionally, Fisk Electric Company has filed a separate complaint against the Company as part of related litigation. HCW Biologics is actively seeking financing to address these legal and financial challenges.