INTRUSION INC Receives NASDAQ Delisting Notice for Falling Below $1.00 Minimum Bid Price

summarizeSummary

INTRUSION INC received a NASDAQ delisting notice for failing to maintain the minimum $1.00 bid price, initiating a 180-day compliance period with potential for a reverse stock split.

check_boxKey Events

• NASDAQ Delisting Notice Received

  The company received a notice from NASDAQ on May 7, 2026, for failing to maintain a minimum bid price of $1.00 for 30 consecutive trading days.

• 180-Day Compliance Period

  INTRUSION INC has until November 3, 2026, to regain compliance by having its common stock close at or above $1.00 for at least 10 consecutive business days.

• Potential Reverse Stock Split

  If compliance is not met, the company may be eligible for an extension, potentially requiring a reverse stock split to cure the deficiency.

• Ongoing Financial Distress

  This notice follows recent disclosures of a 'going concern' warning and securing highly restrictive debt, highlighting severe financial challenges.

auto_awesomeAnalysis

INTRUSION INC has received a formal notice from NASDAQ regarding its failure to meet the minimum $1.00 bid price requirement. This is a critical development for a company already facing a 'going concern' warning and having recently secured highly restrictive debt. While there is a 180-day grace period, the risk of delisting or needing a reverse stock split (often viewed negatively by investors) adds significant pressure and uncertainty to the company's future. This event underscores the severe financial challenges the company is currently navigating.