Search the web
Welcome, Guest
[Sign Out, My Account]

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
XGTI > SEC Filings for XGTI > Form 8-K on 16-Apr-2014All Recent SEC Filings

Show all filings for XG TECHNOLOGY, INC.



Entry into a Material Definitive Agreement, Other Events

Item 1.01 Entry Into a Material Definitive Agreement.

On April 15, 2014, xG Technology, Inc., a Delaware Corporation (the "Company") entered into an underwriting agreement (the "Underwriting Agreement") with Roth Capital Partners, LLC and Feltl and Company (the "Underwriters"), pursuant to which the Company agreed to sell, and the Underwriters agreed to purchase for resale to the public (the "Offering"), subject to the terms and conditions expressed therein, an aggregate of 5,265,000 shares of common stock, par value $0.00001 per share (the "Shares"), at a price to the public of $1.90 per share, for an aggregate of approximately $10,000,000 in gross proceeds before underwriting discounts, commissions and offering expenses. In addition, the Company granted the Underwriters a 45-day option to purchase up to an additional 789,750 Shares to cover over-allotments, if any.

The Company expects the Offering to close on or about April 22, 2014, subject to the satisfaction of customary closing conditions. The Underwriting Agreement provides that the Company will indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act of 1933, as amended, or to reimburse the Underwriters for payments that the Underwriters may be required to make because of such liabilities.

The Company conducted the Offering pursuant to a Registration Statement on Form S-1 (File No. 333-194810), which was declared effective by the Securities and Exchange Commission on April 15, 2014.

The foregoing description of the Underwriting Agreement is not complete and is qualified in its entirety by reference to the full text of the Underwriting Agreement, which is incorporated by reference hereto and was filed as Exhibit 1.1 to the Company's Amendment No. 2 to the Registration Statement on Form S-1, which was filed with the Securities and Exchange Commission on April 14, 2014.

Item 8.01. Other Events.

On April 16, 2014, the Company issued a press release announcing the pricing of the Offering. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

(d) Exhibits:

99.1 Press Release of xG Technology, Inc., dated April 16, 2014.

  Add XGTI to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for XGTI - All Recent SEC Filings
Copyright © 2015 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.