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Crosscode, Inc. Announces $9.25 Million Series-A Financing


Proceeds will be used to accelerate the development of the Company’s platform Foster City, California, May 24, 2019.

Crosscode, Inc, an enterprise software development company that focuses on helping companies manage their software assets, today announced that it recently closed a $9.25 million private placement of Series A preferred stock.

National Securities Corporation, a wholly-owned subsidiary of National Holdings, Inc. (NASDAQ: NHLD), acted as sole placement agent for the transaction. The Liquid Venture Partners group at National Securities Corporation was responsible for sourcing and executing the offering.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities described herein, nor shall there be any sale of any such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

Forward-Looking Statements:

Any statements in this release that are not historical facts may be considered to be “forward-looking statements.” Forward-looking statements are based on management’s current expectations and are subject to risks and uncertainties, which may cause results to differ materially and adversely from the statements contained herein. Such statements include, but are not limited to, statements regarding Crosscode’s expected use of the proceeds from the Series A financing round; the market opportunity for Crosscode’s products, and the business strategies and development plans of Crosscode. Some of the potential risks and uncertainties that could cause actual results to differ from those predicted include Crosscode’s ability to: make commercially available its products and technologies in a timely manner or at all; enter into other strategic alliances, including arrangements for the development and distribution of its products; obtain intellectual property protection for its assets; accurately estimate its expenses and cash burn and raise additional funds when necessary. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. Except as required by law, Crosscode does not undertake any obligation to update any forward-looking statements to reflect new information, events or circumstances after the date they are made, or to reflect the occurrence of unanticipated events.

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