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Crossroads Systems, Inc. (CRDS)

NasdaqCM - NasdaqCM Delayed Price. Currency in USD
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2.33-0.10 (-4.12%)
At close: 3:59PM EDT
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Previous Close2.43
Bid2.02 x 200
Ask2.49 x 100
Day's Range2.25 - 2.40
52 Week Range1.45 - 7.42
Avg. Volume136,809
Market Cap2.86M
PE Ratio (TTM)-2.16
EPS (TTM)-1.08
Earnings DateJun 2, 2017 - Jun 5, 2017
Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est75.00
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  • PR Newswire6 days ago

    Crossroads Systems, Inc. files Chapter 11 case and prepackaged plan of reorganization, announces new investor and access to capital for acquisitions

    AUSTIN, Texas, Aug. 14, 2017 /PRNewswire/ -- Crossroads Systems, Inc., (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 company entered into restructuring support agreements with 210/CRDS Investment LLC ("210") and with certain holders of the Company's Series F Preferred Stock. Subject to the terms and conditions of the Plan and the restructuring support agreement with 210 ("210 RSA"), Dallas-based 210 will invest $4 million cash in Crossroads Systems in exchange for shares of the reorganized company's common stock representing approximately 49.49% of the common stock of the reorganized company.  In addition, 210 will provide up to $10 million of financing for the company to use (subject to the terms and conditions of the Plan and the 210 RSA) to implement its strategy of monetizing its intellectual property assets and pursuing investments in companies that generate profit and positive cash flows, thus creating long-term shareholder value.

  • The Wall Street Journal6 days ago

    [$$] Crossroads Systems Files for Bankruptcy in Pursuit of $4 Million Investor Deal

    Texas data storage and data management company Crossroads Systems has filed for bankruptcy as part of a broader plan to reshuffle ownership and receive a $4 million cash infusion to pay for future acquisitions....

  • Accesswire2 months ago

    Earnings Highlights and Review: Pure Storage's Quarterly Revenue Jumped 31%; Net Loss Narrowed

    Research Desk Line-up: Crossroads Systems Post Earnings Coverage LONDON, UK / ACCESSWIRE / June 14, 2017 / Pro-Trader Daily publishes post-earnings coverage on Pure Storage, Inc. (NYSE: PSTG ) following ...