Xynomic Pharmaceuticals, Inc. announced a private placement of series B preferred shares led by new investors Northern Light Venture Capital, Hakim Unique Internet Co., Ltd. (SZSE:300300), and Zhongshan Bison Healthcare Investment Limited on June 1, 2018. The transaction also included participation from existing investors including, Shanghai Prosperico Ventures Co., Ltd. and Yinglin Mark Xu. Hakim Unique Internet Co., Ltd. (SZSE:300300) agreed to subscribe 497,049 shares at a price of $3.2190 per share for gross proceeds of $1,600,000.