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.
The Shearman & Sterling team included partner Chris Forrester (Palo Alto-Capital Markets); counsel Celeste Ferber (Palo Alto-Capital Markets); and associates Jesse Cuevas (San Francisco-Capital Markets) and Antonio Herrera Cuevas (San Francisco-Capital Markets).