other material
confidence high
sentiment positive
materiality 0.65
Intrusion raises $7.5M via 653K shares at $3.05 and 1.8M prefunded warrants
INTRUSION INC
- Aggregate gross proceeds of $7.5M from sale of 653,000 shares at $3.05/share and 1,806,016 prefunded warrants at $3.0499 each.
- Prefunded warrants exercisable immediately at $0.0001/share, with a 4.99% beneficial ownership limitation.
- CEO Tony Scott: offering plus recent conversions and ATM/SEPA proceeds funds ops through FY2025, eliminates need for further 2025 capital.
- Net proceeds for working capital, repayment of indebtedness, capital expenditures, acquisitions.