Xenetic BioSciences Inc. (NASDAQ:XBIO) Stock Sees Solid Buying Interest: Buy Now?
Xenetic BioSciences Inc. (NASDAQ:XBIO) jumped 14%. Recently, the company signed a sale and purchased a definitive agreement to purchase 4.63 million of its common shares by a healthcare-focused institutional investor. The company is offering the shares at $2.7 per share in an at-the-market private placement under the Nasdaq rules. Equally, the company agreed to provide the investor share purchase warrants to buy 4.63 million common shares. Notably, the contracts have…