Crossroads Systems sets July 2 record date for planned rights offering

Company to use funds for working capital, general corporate purposes

By Devika Patel

Knoxville, Tenn., June 22 – Crossroads Systems, Inc. set July 2 as the record date for its rights offering, according to an 8-K filed Monday with the Securities and Exchange Commission. The deal was announced on May 12.

The company previously said Lone Star Value Investors GP, LLC will participate.

Proceeds will be used for working capital and general corporate purposes.

Based in Austin, Texas, Crossroads offers data connectivity, data storage and information security solutions.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.