other material
confidence high
sentiment neutral
materiality 0.60
Intrusion lowers warrant exercise price to $0.19, offers inducement to holders
INTRUSION INC
- Board approved Inducement Letter reducing exercise price of September 2022 Warrants from previous price to $0.19 per share.
- Warrant holders can exercise up to 1,378,677 shares at reduced price from March 4 through March 19, 2024.
- The inducement is intended to encourage exercise of warrants that were likely out of the money, raising capital.