Renaissance holds 7.79% of Xenetic Biosciences (XBIO) shares
Rhea-AI Filing Summary
Renaissance Technologies LLC and Renaissance Technologies Holdings Corporation filed a Schedule 13G reporting beneficial ownership of 178,509 shares of Xenetic Biosciences, Inc. common stock, representing 7.79% of the outstanding class.
They report sole voting and dispositive power over all 178,509 shares, with no shared power. Certain funds managed by Renaissance Technologies LLC have the right to receive dividends and sale proceeds. The filers certify the position is held in the ordinary course of business and not for the purpose of changing or influencing control of Xenetic Biosciences.
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FAQ
What stake in Xenetic Biosciences (XBIO) does Renaissance report?
Renaissance reports beneficial ownership of 178,509 Xenetic Biosciences common shares, equal to 7.79% of the class. This crossing of the 5% threshold requires a Schedule 13G filing to disclose its sizable, but passive, ownership position.
Who are the reporting persons in this Xenetic Biosciences Schedule 13G?
The Schedule 13G is filed by Renaissance Technologies LLC and Renaissance Technologies Holdings Corporation. Both entities are organized in Delaware and together report the same 178,509 Xenetic Biosciences common shares as beneficially owned.
Does Renaissance have voting control over its Xenetic Biosciences shares?
Renaissance reports sole power to vote 178,509 shares and zero shared voting power. It also has sole dispositive power over the same number of shares, meaning it alone can decide how those shares are voted and when they are sold.
Is Renaissance’s Xenetic Biosciences position considered a passive investment?
The filing states the securities were acquired and are held in the ordinary course of business and not for changing or influencing control of Xenetic Biosciences. This language is typical of a passive ownership disclosure under Schedule 13G.
Which entities benefit economically from Renaissance’s Xenetic Biosciences holdings?
The filing notes that certain funds managed by Renaissance Technologies LLC have the right to receive dividends and proceeds from sales of the Xenetic Biosciences shares. Renaissance reports beneficial ownership on behalf of these managed funds.
What class of Xenetic Biosciences securities does this Schedule 13G cover?
The Schedule 13G covers common stock of Xenetic Biosciences, Inc. with a par value of $0.001 per share. The filing identifies this class using CUSIP number 984015602 for precise security identification.