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FalconStor Software Files Form 15 to Voluntarily Deregister Under Section 12(g) of the SEC
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AUSTIN, Texas--(BUSINESS WIRE)--
FalconStor Software, Inc. (OTCQB: FALC) (the “Company” or “FalconStor”), a trusted data protection leader modernizing disaster recovery and backup for the hybrid cloud world, today announced that it filed a Form 15 with the Securities and Exchange Commission (the “SEC”) to voluntarily deregister under Section 12(g) of the Securities Exchange Act of 1934 (the “Exchange Act”).
Upon the filing of Form 15, the Company’s obligation to file periodic and current reports with the SEC, including Forms 10-K, 10-Q, and 8-K, was suspended. The Company expects that the deregistration will become effective 90 days after the filing of Form 15. Following deregistration, it is expected that the Company’s common stock will continue to be traded on the OTC Pink Current trading market.
About FalconStor Software
FalconStor is the trusted data protection software leader modernizing disaster recovery and backup operations for the hybrid cloud world. The Company enables enterprise customers and managed service providers to secure, migrate, and protect their data while reducing data storage and long-term retention costs by up to 95%. More than 1,000 organizations and managed service providers worldwide standardize on FalconStor as the foundation for their cloud first data protection future. Our products are offered through and supported by a worldwide network of leading managed service providers, systems integrators, resellers, and original equipment manufacturers.
FalconStor and FalconStor Software are trademarks or registered trademarks of FalconStor Software, Inc., in the U.S. and other countries. All other company and product names contained herein may be trademarks of their respective holders.
Links to websites or pages controlled by parties other than FalconStor are provided for the reader's convenience and information only. FalconStor does not incorporate into this release the information found at those links nor does FalconStor represent or warrant that any information found at those links is complete or accurate. Use of information obtained by following these links is at the reader's own risk.
falconstor software, inc. (otcqb: falc) is a leading software-defined storage company offering a converged data services software platform that is hardware agnostic. our open, integrated flagship solution, freestor®, reduces vendor lock-in and gives enterprises the freedom to choose the applications and hardware components that make the best sense for their business. we empower organizations to modernize their data center with the right performance, in the right location, all while protecting existing investments. falconstor’s mission is to maximize data availability and system uptime to ensure nonstop business productivity while simplifying data management to reduce operational costs. our award-winning solutions are available and supported worldwide by oems as well as leading service providers, system integrators, resellers, and falconstor. the company is headquartered in austin, tx with offices throughout europe and the asia pacific region. for more information, visit falconstor.com
