secwatch.observer — SEC 8-K summary
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Issuer:     INTRUSION INC (INTZ)
CIK:        0000736012
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0001683168-24-002590
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intrusion raises $2.6M in private placement to regain Nasdaq equity compliance
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- Sold 1,348,569 shares at $1.95 each, each with warrant to buy 2 shares at $1.70, raising $2.6M gross.
- Net proceeds to be used for working capital and general corporate purposes.
- CEO says offering is the final step to satisfy Nasdaq minimum equity standard (Rule 5550(b)(1)).
- Shares and warrants not registered; no registration rights.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/736012/000168316824002590/0001683168-24-002590-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/736012/000168316824002590/intrusion_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-002590

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