12:33 PM EDT, 10/10/2025 (MT Newswires) -- Xenetic Biosciences ( XBIO ) said Friday it priced an underwritten offering of 735,000 common shares at $6.12 a piece for gross proceeds of nearly $4.5 million.

The offering is expected to close around Tuesday.

Xenetic said it plans to use the net proceeds for working capital and other general corporate purposes.

Shares of Xenetic Biosciences ( XBIO ) were down nearly 28% in recent trading.

Price: 6.82, Change: -2.64, Percent Change: -27.91