other material
confidence high
sentiment neutral
materiality 0.40
Intrusion raises ~$549K via warrant exercise; issues new warrants
INTRUSION INC
- Warrants exercised at reduced price $3.04 for 180,668 shares; net proceeds $549,231.
- New warrants issued for 180,668 shares at $2.91 exercise price, 5-year term.
- Exercise price reduction and new warrants offered under inducement letter approved April 1, 2024.
- Issuance exempt from registration under Rule 506(b) of Securities Act.