Intrusion Inc. is offering 653,000 shares of common stock at $3.05 per share and 1,806,016 pre-funded warrants at $3.0499 each in a direct offering to raise approximately $7.5 million. The pre-funded warrants will have an exercise price of $0.0001 per share.The company intends to use the net proceeds for general corporate purposes, including repayment of existing debt, working capital, and capital expenditures. The offering is expected to close on or about January 7, 2025.Intrusion's stock closed at $4.20 on January 3, 2025. The company recently exchanged debt for equity and conducted warrant inducement offers to improve its capital structure. Intrusion faces Nasdaq listing compliance issues and is working to regain compliance with the $1.00 minimum bid price requirement.

Intrusion Inc. is offering 653,000 shares of common stock at $3.05 per share and 1,806,016 pre-funded warrants at $3.0499 each in a direct offering to raise approximately $7.5 million. The pre-funded warrants will have an exercise price of $0.0001 per share.The company intends to use the net proceeds for general corporate purposes, including repayment of existing debt, working capital, and capital expenditures. The offering is expected to close on or about January 7, 2025.Intrusion's stock closed at $4.20 on January 3, 2025. The company recently exchanged debt for equity and conducted warrant inducement offers to improve its capital structure. Intrusion faces Nasdaq listing compliance issues and is working to regain compliance with the $1.00 minimum bid price requirement.