Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Thu, December 2, 6:35 PM
|This Slide: #370 of 573|
Slide #370. Crossroads Systems, Inc. — Preferred Stock Offering
Crossroads Systems, Inc. (CRDS)
Series H Cumulative Perpetual Preferred Stock (CRDSH)
Preferred Stock Offering Details:
Crossroads Systems, Inc. (NASDAQ: CRDS), a global provider of data archive solutions, announced today the filing of a Registration Statement on Form S-1 with the Securities and Exchange Commission in connection with a proposed public offering, on a best-efforts basis, of up to $12,000,000 aggregate amount of Series H Cumulative Perpetual Preferred Stock, liquidation preference of $25.00 per share, and warrants to purchase its Common Stock.
Crossroads Systems is an intellectual property licensing company. Co.'s intellectual property assets are identified in two categories. As of Oct 31 2016, the first category, known as the '972 patent family, consisted of 31 patents and pending patents that are primarily concentrated around access controls; while the second category, known as the non-'972 patents, consisted of 140 patents and pending patents that are primarily directed to five product families: optimizing command processing, enabling interoperability, managing networks, enhancing tape libraries, and improving data systems.
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