secwatch.observer — SEC 8-K summary
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Issuer:     INTRUSION INC (INTZ)
CIK:        0000736012
Form:       8-K
Filed at:   2024-03-27T23:59:59+00:00
Accession:  0001683168-24-001777
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intrusion Inc. receives Nasdaq delisting notice; 1-for-20 reverse split fails to cure bid deficiency
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- Received Nasdaq notice on March 26, 2024 that it has not regained compliance with the minimum bid price of $1.00 per share.
- Additionally, Nasdaq stated company does not meet the $5,000,000 minimum stockholders' equity initial listing requirement, disqualifying it from a second 180-day grace period.
- The company conducted a 1-for-20 reverse stock split effective March 25, 2024 to regain bid price compliance, but Nasdaq deemed it insufficient.
- The Hearings Panel previously granted the company until April 23, 2024 to regain compliance; company must submit views on the additional deficiency by April 2, 2024.
- There is no assurance that Intrusion will be able to regain or maintain compliance with Nasdaq listing criteria.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/736012/000168316824001777/0001683168-24-001777-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/736012/000168316824001777/intrusion_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-001777

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