other material
confidence high
sentiment negative
materiality 0.65
Intrusion amends Series A Preferred terms, removing SEC filing and listing covenants
INTRUSION INC
- Added accrual provisions for Preferred Return and Quarterly Dividend if cash insufficient and no shares remain.
- Removed covenant requiring timely SEC filings and listing on NYSE, NYSE American, or Nasdaq.
- Removed covenant ensuring common stock trading not suspended, halted, or reaching zero bid.
- Certificate of Amendment filed with Delaware on May 9, 2024; affects Series A Preferred stock rights.