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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sat., Aug. 29, 3:18 AM

Slide #10. xG Technology, Inc. Secondary Offering

Company: xG Technology, Inc. (NASDAQ:XGTI)
Date announced: 8/14/2015
Shares Offered: 2,550,000
Date of Pricing: 8/14/2015
Price Per Share: $1.00
Secondary Offering Details: xG Technology, Inc. ("xG" or the "Company") (Nasdaq: XGTI, XGTIW), a developer of patented wireless communications and spectrum sharing technologies, announced today the pricing of a public offering of (i) 2,550,000 Class A Units, at a price of $1.00 per Class A Unit, each of which consists of one share of its common stock and 0.5 of a Series A Warrant to purchase one share of its common stock at an exercise price of $1.00 per warrant, (ii) 2,450,000 Class B Units, at a price of $0.99 per Class B Unit, each of which consists of one pre-funded Series B Warrant to purchase one share of its common stock and 0.5 of a Series A Warrant, (iii) 2,550,000 Series C Warrants, at a price of $0.01 per Series C Warrant, which is deemed to be included in the $1.00 price per Class A Unit, each to purchase one additional Class A Unit at an exercise price of $1.00, and (iv) 4,950,000 Series D Warrants, at a price of $0.01 per Series D Warrant, which is deemed to be included in the $0.99 price per Class B Unit, each to purchase one additional Class B Unit at an exercise price of $0.99. The Company expects to receive approximately $5,000,000 in gross proceeds, before underwriting discounts and commissions and offering expenses payable by the Company.

XG Technology is a developer of a portfolio of intellectual property designed to improve wireless communications. Co.'s intellectual property is embedded in software algorithms designed to provide cognitive interference mitigation and spectrum access solutions. Co. focuses on industries such as telecommunications, cable, defense, and public safety, and markets ranging from rural to urban areas and expeditionary deployments.
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Company Name:  xG Technology Inc
Website:  www.xgtechnology.com
Sector:  Manufacturing
 

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August 29, 2015    3:18 AM Eastern
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