Shearman And Sterling

News May 05, 2014

xG Technology Public Offering of Shares

Shearman & Sterling represented Roth Capital Partners, LLC as lead manager and Feltl and Company, Inc. as co-manager in connection with the $10 million public offering of shares of common stock of xG Technology, Inc. The proceeds of the offering will be used for general corporate purposes.

xG has a broad portfolio of innovative intellectual property to enhance wireless communications by offering cognitive interference mitigation and spectrum access solutions for wi-fi enabled devices. xG recently released commercially available versions of software and hardware products using its proprietary xMax® cognitive radio technology.

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