secwatch.observer — SEC 8-K summary
======================================

Issuer:     INTRUSION INC (INTZ)
CIK:        0000736012
Form:       8-K/A
Filed at:   2024-03-28T23:59:59+00:00
Accession:  0001683168-24-001815
Event type: regulatory
Sentiment:  negative
Materiality: 0.90
Item codes: 3.01, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intrusion Inc. Amends 8-K to Correct Compliance Deadline, Faces Nasdaq Delisting Risk
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/736012/000168316824001815/0001683168-24-001815-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/736012/000168316824001815/intrusion_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-001815

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer