NightHawk Biosciences Inc (NHWK)

[TheFinalCD]

Our common stock is listed on the NASDAQ Capital Market under the symbol “HTBX.” On May 1, 2018, the last reported sale price of our common stock on the NASDAQ Capital Market was $4.17 per share.

The public offering price per common share or pre-funded warrant, as the case may be, will be determined between us, the underwriter and investors based on market conditions at the time of pricing, and may be at a discount to the current market price of our common stock. Therefore, the recent market price used throughout this prospectus may not be indicative of the final offering price.

The public offering price of the common warrant is $0.01 per common warrant. There is no established trading market for the pre-funded warrants or common warrants and we do not expect a market to develop. In addition, we do not intend to apply for the listing of the pre-funded warrants or common warrants on any national securities exchange or other trading market. Without an active trading market, the liquidity of the pre-funded warrants and the common warrants will be limited.