Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Fri, April 19, 6:43 PM

This Slide: #417 of 620

Slide #417. Crossroads Systems, Inc. — Preferred Stock Offering

Company:	Crossroads Systems, Inc. (CRDS)
Date announced:	9/19/2014
Security type:	Series H Cumulative Perpetual Preferred Stock (CRDSH)
Shares Offered:	480,000
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.
Open the CRDS Page at Preferred Stock Channel »
Open the CRDSH Page at Preferred Stock Channel for More Information About this Preferred »