INTRUSION INC. Files 8-K, Updates Company Information

TL;DR

**INTRUSION INC. just filed an 8-K, but it's mostly administrative updates like address and phone number, nothing major for traders.**

AI Summary

This 8-K filing from INTRUSION INC. (NASDAQ: INTZ) on February 8, 2024, is a 'Current Report' filed under Section 13 or 15(d) of the Securities Exchange Act of 1934. The filing primarily serves to update company information, including its address at 101 East Park Blvd, Suite 1200, Plano, Texas 75074, and its telephone number (888) 637-7770. It also lists previous company names such as INTRUSION COM INC, ODS NETWORKS INC, and OPTICAL DATA SYSTEMS INC, with corresponding name change dates.

Why It Matters

This filing provides basic administrative updates for INTRUSION INC., ensuring public records are current, which is important for investor transparency and regulatory compliance.

Risk Assessment

Risk Level: low — The filing contains only administrative updates and no material events that would introduce new risks.

Key Players & Entities

• INTRUSION INC. (company) — Registrant
• INTRUSION COM INC (company) — Former company name
• ODS NETWORKS INC (company) — Former company name
• OPTICAL DATA SYSTEMS INC (company) — Former company name
• February 8, 2024 (date) — Date of earliest event reported
• 101 East Park Blvd, Suite 1200, Plano, Texas 75074 (address) — Principal Executive Offices
• (888) 637-7770 (phone_number) — Registrant's Telephone Number

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common Stock, $0.01 par value per share INTZ NASDAQ Capit
• $1.00 — nsecutive trading days had fallen below $1.00 per share, which is the minimum closing
• $35 million — n the Company's non-compliance with the $35 million market value of listed securities requi
• $2.5 million — Nasdaq listing criteria of maintaining $2.5 million stockholders' equity under Listing Rule
• $8.98 million — ss of preferred stock and conversion of $8.98 million of its current debt, as described at th

Filing Documents

• intrusion_8k.htm (8-K) — 29KB
• 0001683168-24-001088.txt ( ) — 199KB
• intz-20240208.xsd (EX-101.SCH) — 3KB
• intz-20240208_lab.xml (EX-101.LAB) — 33KB
• intz-20240208_pre.xml (EX-101.PRE) — 22KB
• intrusion_8k_htm.xml (XML) — 4KB

01 Other Events

Item 8.01 Other Events As previously disclosed on the Current Report on Form 8-K filed by Intrusion Inc. (the "Company") with the Securities and Exchange Commission (the "SEC") on October 2, 2023, the Company received a written notice from the Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that the closing bid price of the Company's common shares over 30 consecutive trading days had fallen below $1.00 per share, which is the minimum closing bid price required to maintain listing on the Nasdaq Capital Market under Listing Rule 5550(a)(2) (the "Minimum Bid Requirement"). Additionally, as previously disclosed on the Current Report on Form 8-K filed by the Company with the SEC on October 27, 2023, the Company received a written notice from Nasdaq notifying the Company that its securities were subject to delisting based upon the Company's non-compliance with the $35 million market value of listed securities requirement ("MVLS") for continued listing on the Nasdaq Capital Market under Listing Rule 5550(b)(2). At that time, the Company indicated that it may, alternatively, seek to regain compliance under the Nasdaq listing criteria of maintaining $2.5 million stockholders' equity under Listing Rule 5550(b)(1) ("Equity Standard") as an alternative to the MVLS requirement and to satisfy compliance with Listing Rule 5550(b). On November 2, 2023, the Company submitted a request for a hearing to Nasdaq concerning the notices, which hearing was held on February 1, 2024. At the hearing, the Company presented its plan for regaining and sustaining compliance with all applicable requirements for continued listing on Nasdaq before a Nasdaq Hearings Panel ("Panel"). On February 8, 2024, the Company was notified that the Panel had granted the Company's request for continued listing, and on February 15, 2024, the Company received a revised written notice from Nasdaq (the "Nasdaq Letter") regarding the Panel's grant of the Company's request for continued listing on the Nasd

Forward-Looking Statements

Forward-Looking Statements Except for the factual statements made herein, information contained in this report consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks, uncertainties and assumptions that are difficult to predict. Words such as "will," "may," "expects," "should," "plans," and similar expressions, or the use of future tense, identify forward-looking performance and actual actions or events could differ materially from those contained in such statements. For example, there can be no assurance that the Company will be able to timely file an appeal to the Nasdaq Hearings Panel, that the Nasdaq Hearings Panel will grant an extension, or that the Company will meet Nasdaq compliance standards for continued listing on the Nasdaq Capital Market. The risks included are not exhaustive; for a more detailed description of these uncertainties and other factors, see the other risk factors set forth from time to time in the Company's filings with the Securities and Exchange Commission, copies of which are available for free at www.sec.gov or upon request from the Company's Investor Relations Department. All information provided in this release is as of the date hereof and the Company assumes no obligation and does not intend to update these forward-looking statements, except as required by law. 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. INTRUSION INC. Dated: February 21, 2024 By: /s/ Kimberly Pinson Kimberly Pinson Chief Financial Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR