UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):February 14, 2017
xG Technology, Inc.
(Exact name of registrant as specified in its charter)
| Delaware | 001-35988 | 20-585-6795 |
(State or other jurisdiction of
incorporation) | (Commission File No.) | (IRS Employer
Identification No.) |
| 240 S. Pineapple Avenue, Suite 701, Sarasota, FL | 34236 |
| (Address of principal executive offices) | (ZipCode) |
Registrant's telephone number, including area code:(941) 953-9035
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions (see General Instruction A.2. below):
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01 Other Events.
On February 14, 2017, xG Technology, Inc. (the “Company”) closed its previously announced offering of its securities (the “Offering”). The Company sold to Aegis Capital Corp., as underwriter, 1,750,000 shares of the Company’s common stock (the “Common Stock”), par value $0.00001 per share, and warrants to purchase up to an aggregate of 1,312,500 shares of Common Stock. The Company received $3,500,000 in gross proceeds from the Offering, before deducting the underwriting discount and estimated Offering expenses payable by the Company. A copy of the press release announcing the closing of the Offering is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
| Exhibit No. | | Description |
| Exhibit 99.1 | | Press Release of xG Technology, Inc., dated February 14, 2017. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: February 14, 2017 | | xG TECHNOLOGY, INC. | |
| | | | |
| | By: | /s/ Roger Branton | |
| | | Name: Roger Branton | |
| | | Title: Chief Financial Officer | |
INDEX TO EXHIBITS
| Exhibit No. | | Description |
| Exhibit 99.1 | | Press Release of xG Technology, Inc., dated February 14, 2017. |
