xG Technology, Inc. Announces Pricing of Offering

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Go back to xG Technology, Inc. Announces Pricing of Offering

xG Technology (XGTI) Closes 14M Units Offering for Proceeds of $980k

May 16, 2016 5:06 PM EDT

xG Technology, Inc. (Nasdaq: XGTI) announced that it has closed the previously announced offering of its Units. xG offered 14,000,000 Units, at a price of $0.07 per Unit, each of which consists of one share of its common stock and a Warrant to purchase one share of its common stock at an exercise price of $0.1149 per share. xG received approximately $980,000 in gross proceeds, before deducting placement... More