Tagged CRDS

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Crossroads Files Chapter 11

AUSTIN, Texas, Aug. 14, 2017 /PRNewswire/ — Crossroads Systems, Inc., (NASDAQ: CRDS) today announced that it has filed a case under Chapter 11 of the Bankruptcy Code and a prepackaged Chapter 11 plan of reorganization (“Plan”) that has been accepted by the holders of more than 2/3 of the Preferred Shares of CRDS.  In connection with the filing, the…

Crossroads to Commence Rights Offering

  Crossroads Systems, Inc. plans to commence a rights offering of common stock to holders of shares of its common and preferred stock. The Company plans to make the rights offering through the distribution to its common and preferred stock holders to purchase shares of the Company’s common stock at a subscription price to be determined…

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