INTRUSION INC Receives NASDAQ Delisting Notice for Falling Below $1.00 Minimum Bid Price
INTZ is trading near its 52-week low of $0.73 (9.3% above the low) on light trading volume (0.3× avg).
Summary
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.
Key Events · Corporate Governance and Compliance · INTZ
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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.
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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.
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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.
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Ongoing Financial Distress
This notice follows recent disclosures of a 'going concern' warning and securing highly restrictive debt, highlighting severe financial challenges.
Analysis · INTZ · Technology
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.
At the time of this filing, INTZ was trading at $0.80 on NASDAQ in the Technology sector, with a market capitalization of approximately $15.1M. The 52-week trading range was $0.73 to $2.64. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.