SECURITIES AND EXCHANGE COMMISSION
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Washington, D.C. 20549
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SCHEDULE 13G
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Under the Securities Exchange Act of 1934
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(Amendment No. 1)*
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xG Technology, Inc.
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(Name of Issuer)
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Common Stock, par value $0.00001 per share
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(Title of Class of Securities)
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98372A507
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(CUSIP Number)
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December 31, 2016
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(Date of event which requires filing of this statement)
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Check the appropriate box to designate the rule pursuant to which this Schedule 13G is filed:
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¨
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Rule 13d-1(b)
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x
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Rule 13d-1(c)
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¨
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Rule 13d-1(d)
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(Page 1 of 10 Pages)
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1
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NAMES OF REPORTING PERSONS
Iroquois Capital Management L.L.C.
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) o
(b) o
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
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5
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SOLE VOTING POWER
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6
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SHARED VOTING POWER
174,856 shares of Common Stock
462,632 shares of Common Stock issuable upon exercise of Warrants (See Item 4)*
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7
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SOLE DISPOSITIVE POWER
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8
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SHARED DISPOSITIVE POWER
174,856 shares of Common Stock
462,632 shares of Common Stock issuable upon exercise of Warrants (See Item 4)*
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
174,856 shares of Common Stock
462,632 shares of Common Stock issuable upon exercise of Warrants (See Item 4)*
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10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
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o
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.99% (See Item 4)*
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12
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TYPE OF REPORTING PERSON
OO
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1
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NAMES OF REPORTING PERSONS
Richard Abbe
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) o
(b) o
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
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5
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SOLE VOTING POWER
74,938 shares of Common Stock
155,665 shares of Common Stock issuable upon exercise of Warrants (See Item 4)*
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6
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SHARED VOTING POWER
174,856 shares of Common Stock
462,632 shares of Common Stock issuable upon exercise of Warrants (See Item 4)*
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7
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SOLE DISPOSITIVE POWER
74,938 shares of Common Stock
155,665 shares of Common Stock issuable upon exercise of Warrants (See Item 4)*
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8
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SHARED DISPOSITIVE POWER
174,856 shares of Common Stock
462,632 shares of Common Stock issuable upon exercise of Warrants (See Item 4)*
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
249,794 shares of Common Stock
618,297 shares of Common Stock issuable upon exercise of Warrants (See Item 4)*
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10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
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o
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.99% (See Item 4)*
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12
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TYPE OF REPORTING PERSON
IN; HC
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IROQUOIS CAPITAL MANAGEMENT L.L.C.
By: /s/ Richard Abbe
Richard Abbe, Authorized Signatory
/s/ Richard Abbe
Richard Abbe
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