Xenetic Biosciences closes $12.5M private placement priced at $2.70/share; issues warrants with $3.30 strike

Xenetic Biosciences, Inc.

Closed private placement of 4,629,630 shares at $2.70 per share for gross proceeds of $12.5M; H.C. Wainwright as placement agent.
Issued warrants to purchase up to 4,629,630 shares at $3.30, exercisable immediately; potential cash proceeds of $15.3M if fully exercised.
Pricing at a premium to market under Nasdaq rules; securities sold to a single healthcare-focused institutional investor.
Company intends net proceeds for general working capital purposes; agreement to file resale registration statement within 30 days.

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