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Stock Market & Financial Investment News

News Breaks
December 19, 2012
16:02 EDTCRDSCrossroads Systems reports Q4 EPS (23c), one estimate (23c)
Reports Q4 revenue $4.4M, one estimate $4.46M.
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May 12, 2015
16:49 EDTCRDSCrossroads Systems announces planned rights offering
Crossroads Systems announced that it 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 and subject to certain protection mechanics in place to preserve the company's ability to utilize its net operating loss carryforwards. The company expects to utilize the estimated net proceeds of the rights offering to continue to fund efforts related to the monetization of its intellectual property portfolio, including the costs of ongoing litigation and other proceedings, repayment of indebtedness, and for working capital purposes. The proposed rights offering will also include an over-subscription privilege, which will entitle each rights holder that exercises all of its basic subscription right in full the right to purchase additional shares of common stock that remain unsubscribed at the expiration of the rights offering, subject to certain limitations.
16:28 EDTCRDSCrossroads Systems files to sell common stock, no amount given
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