Current Report Filing (8-k)
September 10 2019 - 8:31AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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) September 10, 2019
CROSSROADS LIQUIDATING TRUST
(Exact
name of registrant as specified in its chapter)
Maryland
|
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000-53504
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82-6403908
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(State
or other jurisdiction
Of
incorporation)
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(Commission
File
Number)
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|
(IRS
Employer
Identification
No.)
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128
N. 13th Street, #1100
Lincoln,
Nebraska 68508
(Address
of principal executive offices and zip code)
|
Registrant’s
telephone number, including area code (402)
261-5345
Check
the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐
Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Solicitation 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))
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
|
Trading
Symbol
|
Name
of each exchange on which registered
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|
|
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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. ☐
Crossroads
Liquidating Trust (the “Liquidating Trust”) has reported that its portfolio company, Zoosk, Inc. (“Zoosk”),
was acquired by Spark Networks SE (NYSE American: LOV)(“Spark”) on July 1, 2019. In the transaction, the Liquidating
Trust’s entire position of 715,171 shares of Series E Preferred Stock was exchanged for a combination of cash and Spark
ADSs (shares of Spark). A portion of the cash consideration is subject to certain escrow/holdback requirements (“escrows”).
The realized cash proceeds from the Spark transaction will be dependent upon the market performance and liquidity of Spark stock
and the release of the escrows.
On
September 10, 2019, the Liquidating Trust issued a press release announcing that its trustees have approved a cash distribution
of $0.35 per unit to be paid on or about September 10, 2019 to the holders of beneficial interests in the Liquidating Trust as
of September 10, 2019.
The
press release is attached hereto as Exhibit 99.1.
Item
9.01.
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Financial
Statements and Exhibits
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(d)
Exhibits
Exhibit
No.
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Description
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99.1
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Press
Release dated September 10, 2019
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SIGNATURE
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.
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CROSSROADS
LIQUIDATING TRUST
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|
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Date: September
10, 2019
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By:
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/s/
Ben H. Harris
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Ben H. Harris
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Administrator
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Crossroads Capital, Inc. (NASDAQ:XRDC)
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