INTRUSION INC. Form 8-K Summary
Business Context and Reporting Period
Company: INTRUSION INC.
Reporting Date: May 7, 2026
Event: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard (Item 3.01).
Exchange: NASDAQ Capital Market (Symbol: INTZ).
Key Financial Metrics
This filing is a current report regarding listing status and does not contain financial statements. The text does not provide values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
- Stock Price Deficiency: The closing bid price of the Company's common shares fell below the $1.00 minimum requirement for 30 consecutive trading days (March 25, 2026, through May 6, 2026).
- Compliance Status: The Company received a written notice from NASDAQ regarding non-compliance with Listing Rule 5550(a)(2).
Outlook, Risks, and Management Commentary
- Grace Period: The Company has 180 calendar days (until November 3, 2026) to regain compliance. Compliance requires a closing bid price of at least $1.00 per share for 10 consecutive business days within this period.
- Extension Possibility: If compliance is not achieved by November 3, 2026, the Company may be eligible for an additional 180-day extension. This requires meeting other listing standards (e.g., market value of publicly held shares) and submitting a plan to cure the deficiency, potentially via a reverse stock split.
- Delisting Risk: If the Company fails to cure the deficiency or meet other standards, NASDAQ may issue a delisting notice. The Company retains the right to appeal such a determination.
- Current Trading Status: The notice has no immediate effect; shares will continue to trade on the NASDAQ Capital Market pending compliance.
- Management Stance: The Company intends to actively monitor the stock price and evaluate options to regain compliance, though there is no assurance of success.
Investor Verification Checklist
- Verify the current closing bid price of INTZ to assess proximity to the $1.00 threshold.
- Monitor future filings for announcements regarding a reverse stock split or other capital structure changes.
- Check for any subsequent NASDAQ communications regarding the extension of the grace period or delisting notices.
- Review the Company's market value of publicly held shares to determine eligibility for a potential second compliance period.