Summary by Futu AI
Intrusion has announced an extension of its Warrant Exercise Inducement Program from December 19, 2024, to December 27, 2024, following Board approval on December 17. The program involves lowering the exercise price of existing warrants and providing new warrants for each share exercised.The program covers warrants issued between September 2022 and April 2024, including those for up to 52,482 shares issued in September 2022, 261,968 shares from November 2023, 186,496 shares from April 2, 2024, and 2,697,136 shares from April 22, 2024. All other terms of the original Inducement Letter, which was approved on November 21, 2024, remain unchanged.