Intrusion Extends Warrant Exercise Inducement Program

Intrusion Inc. (NASDAQ:INTZ) recently extended its Warrant Exercise Inducement Program, according to an 8-K filing submitted to the Securities and Exchange Commission on December 20, 2024. The company’s Board of Directors, following their initial approval on November 21, 2024, decided to prolong the program from December 19, 2024, to December 27, 2024.

The Inducement Letter, which initiated the program, allows for the modification of the exercise price of the Warrants and the issuance of a New Warrant for each share of common stock exercised under the Warrants. The Warrants include specific common stock purchase warrants for varying amounts of the company’s common stock, initially distributed around September 14, 2022, November 8, 2023, April 2, 2024, and April 22, 2024. With the recent approval, the terms of the program under the Inducement Letter remain unchanged during this extension period.

The company’s Chief Financial Officer, Kimberly Pinson, formally signed off on the report on December 20, 2024, in compliance with the Securities Exchange Act of 1934. There have been no additional changes or amendments reported with respect to this extension.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Intrusion’s 8K filing here.

Intrusion Company Profile

Intrusion Inc, a cybersecurity company in the United States. The company offers its customers access to threat intelligence database, which contains the historical data, known associations, and reputational behavior of Internet Protocol addresses. It offers INTRUSION Shield, a zero trust reputation-based Software as a Service solution that inspects and kills dangerous network connections.