Intrusion Inc 8-K, filed Dec 20, 2024
Intrusion Inc (INTZ)
About this 8-K
Intrusion Inc filed this 8-K on December 20, 2024, reporting on events of December 17, 2024.
Items reported
- Item 8.01: Other events
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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| ITEM 8.01. | Other Events. |
As previously reported, on November 21, 2024, the Company’s Board of Directors (the “Board”) approved entry into an inducement letter (“Inducement Letter”) that provides, during the period beginning on November 21, 2024, and continuing through December 19, 2024, for the lowering of the exercise price of the Warrants and, for each share of common stock exercised under the Warrants, providing the participating holder with a new warrant (“New Warrant”) for that same number of shares of common stock (the “Warrant Exercise Inducement Program”). The “Warrants” consisted of those certain common stock purchase warrants to purchase (i) up to 52,482 shares of our common stock, originally issued on or around September 14, 2022, (ii) up to 261,968 shares of our common stock, originally issued on or around November 8, 2023, (iii) up to 186,496 shares of our common stock, originally issued on or around April 2, 2024, and (iv) up to 2,697,136 shares of our common stock, originally issued on or around April 22, 2024. With the Board’s consent effective December 17, 2024, the Warrant Exercise Inducement Program was extended from December 19, 2024, until December 27, 2024. All other terms as provided in the Inducement Letter remain unchanged.
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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: December 20, 2024 | By: | /s/ Kimberly Pinson |
| Kimberly Pinson | ||
| Chief Financial Officer | ||
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