other_material
confidence high
sentiment neutral
materiality 0.40
Intrusion enters $50M ATM equity offering with H.C. Wainwright
INTRUSION INC
- Agreement allows sale of up to $50M of common stock from time to time via at-the-market offerings.
- Manager H.C. Wainwright receives 3.0% cash commission on gross sales price of shares sold.
- Settlement occurs on first trading day after sale; shares are freely tradable registered shares.
- Company may terminate agreement on 7 business days' notice; Manager may terminate at any time.
- Proceeds used for general corporate purposes (not specified further).
item 1.01item 9.01