other material
confidence high
sentiment neutral
materiality 0.65
Intrusion offers warrant inducement: exercise price lowered to $0.76, new 5-year warrants at $0.63
INTRUSION INC
- Board approved inducement letter from Nov 21 to Dec 19, 2024, for holders of 3,198,082 total warrant shares.
- Exercise price reduced to $0.76/share (includes $0.13 attributed to new warrant purchase price).
- Each exercised warrant share yields a New Warrant with $0.63 exercise price and 5-year term.
- Warrants covered are from four tranches issued Sep 2022, Nov 2023, Apr 2 & Apr 22, 2024.
- Inducement aims to encourage warrant exercise, potentially raising capital while diluting existing shares.