xG Technology (XGTI) Surges After Regains Compliance with Nasdaq

xG Technology, Inc. (Nasdaq: XGTI) is gaining 26% in pre-open trader after the company announced today that the Company has regained full compliance with all listing requirements of the Nasdaq Stock Market ("Nasdaq").

In a letter received from the Listing Qualifications Department of Nasdaq on January 9, 2017, the Company was informed that it has regained compliance with the bid price and rights/warrants rules, as required by the Panel's decision dated November 21, 2016, and is in compliance with other applicable requirements as set forth in the decision and required for listing on The Nasdaq Capital Market. Accordingly, the Panel has determined to continue the listing of the Company's securities on The Nasdaq Stock Market and is closing this matter.

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