secwatch.observer — SEC 8-K summary
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Issuer:     INTRUSION INC (INTZ)
CIK:        0000736012
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001683168-23-002845
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Intrusion receives Nasdaq notice for MVLS below $35M; 180-day cure period
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- Nasdaq Staff notified Intrusion that its MVLS was below $35M for 30 consecutive business days, violating Listing Rule 5550(b)(2).
- Company also fails to meet alternative listing standards: Equity Standard (5550(b)(1)) and Net Income Standard (5550(b)(3)).
- Compliance period runs until October 25, 2023; stock continues trading on Nasdaq Capital Market during this time.
- If MVLS closes at or above $35M for 10 consecutive business days before the deadline, compliance will be confirmed.
- Intrusion intends to monitor MVLS and may evaluate options to regain compliance, but no assurance of success.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/736012/000168316823002845/0001683168-23-002845-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/736012/000168316823002845/intrusion_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-002845

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