xG Technology, Inc. (NASDAQ:XGTI) Files An 8-K Other Events
Item8.01 Other Events
On January 9, 2017, xG Technology, Inc. (the Company) received a
letter from the staff of The Nasdaq Stock Market LLC (Nasdaq)
stating that the Nasdaq staff determined that the Company
regained compliance with the Nasdaq Capital Market minimum bid
price requirement for continued listing set forth in Nasdaq
Listing Rule 5550(a)(2) (the Nasdaq Listing Requirement).
On January 10, 2017, the Company issued a press release with
respect to regaining compliance with the Nasdaq Listing
Requirement, a copy of which is attached as Exhibit 99.1 and
incorporated herein by reference.
Item9.01 Financial Statements and Exhibits.
(d)Exhibits.
| Exhibit No. | Description | |
| Exhibit 99.1 | Press Release dated January 10, 2017 |
About xG Technology, Inc. (NASDAQ:XGTI)
xG Technology, Inc. develops a portfolio of intellectual property, which is embedded in its software algorithms that offer cognitive interference mitigation and spectrum access solutions for a range of applications using commercial off the shelf devices. The Company’s products include xMax, CN5100 Mobile Hotspot, CN3100 Vehicle Modem, CN3200 Dual-Band Routing Modem, CN1100 Access Point, CN7000 Mobile Control Center and xMonitor/xDrive. The Company offers a range of frequency-agnostic cognitive radio solutions. It focuses on various industries across the world, such as telecommunications, cable, defense and public safety, municipal governments, critical infrastructure and markets ranging from rural to urban areas and expeditionary deployments. The implementation of its cognitive radio intellectual property is xMax. The Company, through Integrated Microwave Technologies, LLC (IMT), offers a spectrum of wireless video products that are built around providing a range of solutions. xG Technology, Inc. (NASDAQ:XGTI) Recent Trading Information
xG Technology, Inc. (NASDAQ:XGTI) closed its last trading session up +0.63 at 2.53 with 15,606,453 shares trading hands.
