Crossroads Regains Nasdaq Compliance

As stockholders' equity of at least $2.5 million

This is a Press Release edited by StorageNewsletter.com on April 10, 2014 at 2:57 pm

Crossroads Systems, Inc. announced that on April 8, 2014 it received notice from The NASDAQ Stock Market that it had regained compliance with Listing Rule 5550(b)(1), which requires companies listed on The NASDAQ Capital Market to maintain stockholders’ equity of at least $2.5 million.

As a result, the company’s pending hearing before the NASDAQ Listing Qualifications Panel has been cancelled.

NASDAQ has determined that the company has regained compliance with all applicable listing standards to maintain the listing of its common stock on The NASDAQ Capital Market.