xG Technology (XGTI) Surges After Regains Compliance with Nasdaq

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xG Technology, Inc. Regains Compliance with Nasdaq Listing Requirements

January 10, 2017 7:00 AM EST

SARASOTA, Fla., Jan. 10, 2017 /PRNewswire/ -- xG Technology, Inc. ("xG" or the "Company") (Nasdaq: XGTI, XGTIW), a leader in providing critical wireless communications for use in challenging operating environments, 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... More