Form 8-K — Crossroads Systems, Inc. (Date of Report: August 14, 2017)

Summary

Crossroads Systems, Inc. filed this Form 8-K reporting that on August 14, 2017 it received a letter from The NASDAQ Stock Market LLC stating that, under Nasdaq Listing Rules 5101, 5110(b) and IM-5101-1, Nasdaq had determined that the Company's common stock will be delisted. The Notice stated that unless the Company requests an appeal, trading of its common stock will be suspended at the opening of business on August 23, 2017, and a Form 25-NSE will be filed with the Securities and Exchange Commission. The Company states that it does not intend to request an appeal. The report is dated August 14, 2017 and signed /s/ by Richard K. Coleman, Jr., Executive Director.

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Cite this document

“Form 8-K — Crossroads Systems, Inc. (Date of Report: August 14, 2017).” Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/sec-crds-8-k-0001144204-17-043156-v473300-8k-c9f5b7d63e/, SHA-256 7b1254de4aef5a0bf9bf49ab62d1d961070c28a4f088588a870b176aa1e701e3.

Full text

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT Pursuant to Section 13 or 15(d) of the
 Securities Exchange Act of 1934 Date of
 report (Date of earliest event reported): August 14, 2017 Crossroads Systems, Inc.
(Exact Name of Registrant as Specified in Its Charter)
Delaware | 001-15331 | 74-2846643
(State or other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.)
11000 North MoPac Expressway #150, Austin, Texas | 78759
(Address of Principal Executive Offices) | (Zip Code)

Registrant’s telephone number, including
area code: (512) 349-0300

(Former name or former address if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the follow provisions:

¨ | Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)
¨ | Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)
¨ | Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))
¨ | Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 3.01 Notice of Delisting or Failure to Satisfy a
Continued Listing Rule or Standard; Transfer of Listing.

On August 14, 2017,
Crossroads Systems, Inc. (the “ Company ”) received a letter (the “ Notice ”) from
The NASDAQ Stock Market LLC (“ Nasdaq ”) stating that in accordance with Nasdaq Listing Rules 5101, 5110(b)
and IM-5101-1, Nasdaq has determined that the Company’s common stock will be delisted from Nasdaq. The Notice further stated
that unless the Company requests an appeal of Nasdaq’s determination, trading of the Company’s common stock will be
suspended at the opening of business on August 23, 2017, and a Form 25-NSE will be filed with the Securities and Exchange Commission,
which will remove the Company’s securities from listing and registration on Nasdaq. The Company does not intend to request
an appeal.

SIGNATURES

Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CROSSROADS SYSTEMS, INC.
Dated: August 14, 2017 | By: | /s/ Richard K. Coleman, Jr.
Name: | Richard K. Coleman, Jr.
Title: | Executive Director

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