other material
confidence high
sentiment neutral
materiality 0.60
Nasdaq grants Intrusion continued listing until April 23, 2024, subject to conditions
INTRUSION INC
- Panel requires creation of new preferred stock and conversion of $8.98M debt.
- Reverse stock split planned to regain $1.00 minimum bid price; both actions need shareholder approval at March 15 special meeting.
- If conditions not met by April 23, 2024, common stock will be delisted from Nasdaq.
- Company must also meet $2.5M stockholders' equity standard (Equity Standard) by that date.