INTRUSION INC (INTZ): Nasdaq/NYSE listing notice — Intrusion Inc. Amends 8-K to Correct Compliance Deadline, Faces Nasdaq Delisting Risk

INTRUSION INC

Amends 8-K to correct compliance deadline for Nasdaq hearing panel from April 23, 2023 to April 23, 2024.
Received Nasdaq notice on March 26, 2024 that it has not regained bid price compliance and is not eligible for second grace period due to insufficient stockholders' equity.
Conducted 1-for-20 reverse stock split effective March 25, 2024 to try to meet minimum bid price requirement.
Nasdaq panel extended compliance deadline to April 23, 2024 for market value of listed securities deficiency.
Company faces potential delisting if it cannot regain and sustain compliance with Nasdaq listing criteria.

item 3.01 item 5.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

INTRUSION INC received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)

Exact text from the filing

September 26, 2023, Intrusion Inc. (the “Company”) received a written notice from The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that the closing bid price of the Company’s shares of common stock (the “Common Shares”) over the 30 consecutive trading days from August 14, 2023, through September 25, 2023, had fallen below $1.00 per share, which is the minimum closing bid price required to maintain listing on Nasdaq under Listing Rule 5550(a)(2) (the “Minimum Bid Requirement”). Such notice additionally stated that in accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company wou

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

INTRUSION INC: Approved and filed a Certificate of Amendment to effectuate a 1-for-20 reverse stock split of common shares (effective 2024-03-22).

Change: charter amendment
Effective: 2024-03-22

Exact text from the filing

On March 21, 2024, a Certificate of Amendment to Certificate of Incorporation was filed with the Delaware Secretary of State in respect of the Reverse Stock Split, and became effective for state law purposes on March 22, 2024

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8 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

INTRUSION INC filing history →

Source: SEC EDGAR

accession 0001683168-24-001815

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