Crossroads Systems, Inc., Form 8-K Current Report, Item 8.01 Other Events, August 23, 2017

Summary

Crossroads Systems, Inc. filed this Form 8-K current report with the Securities and Exchange Commission for an event dated August 23, 2017. Under Item 8.01, Other Events, the company states that a market maker filed an initial Form 211 with the Financial Industry Regulatory Authority (FINRA) under Rule 15c2-11 for quotation on the OTC Markets. The company anticipates that its common stock will qualify for trading on the OTC Pink market, but states there can be no assurance the Form 211 will be cleared or when. The report is signed /s/ Richard K. Coleman, Jr., Executive Director.

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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 23, 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 8.01 | Other Events.

On
August 23, 2017, Crossroads Systems, Inc. (the “ Company ”) announced that a market maker has filed with the Financial Industry Regulatory Authority (“ FINRA ”) an initial
Form 211, in accordance with Rule 15c2-11 under the Securities Exchange Act of 1934, as amended, for quotation on the OTC
Markets. The Form 211 must be cleared by FINRA in order to initiate quotations for a security on the OTC Markets or any
similar quotation system. The Company anticipates that its common stock will qualify for trading on the OTC Pink market,
however there can be no assurance that the Form 211 will be cleared, or if cleared when that will occur.

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 23, 2017 | By: | /s/ Richard K. Coleman,
Jr.
Name: | Richard K. Coleman, Jr.
Title: | Executive Director

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