regulatory
confidence high
sentiment negative
materiality 0.80
INTRUSION INC (INTZ): Nasdaq/NYSE listing notice — Intrusion receives Nasdaq delisting notice for failing $35M market value requirement
INTRUSION INC
- Received Nasdaq Staff Determination on Oct 26, 2023 for non-compliance with $35M MVLS requirement for continued listing.
- Plans to request hearing before Nasdaq Hearings Panel, which will stay delisting pending decision.
- No immediate effect on trading of INTZ common stock; continues to trade on Nasdaq Capital Market.
- Company may seek alternative compliance under Equity Standard (Rule 5550(b)(1)), but no assurance of regaining compliance.