Intrusion says warrant exercises generate $1,320,458 in unregistered share sales
INTZ•Exemption used for the transaction
The company said the transaction relied on the Securities Act Section 4(a)(2) exemption or Rule 506(b) under Regulation D.
New warrants issued alongside exercises
Each exercise included the issuance of one new common stock purchase warrant, and 1,660,954 new warrants were issued at a $0.67 exercise price.
The new warrants carry a five-year term, expiring five years after they first become exercisable.
Warrant inducement program generates cash proceeds
Intrusion said it completed an unregistered issuance tied to a warrant inducement program running Aug. 17-28, 2026.
Holders exercised 1,660,954 existing warrants at a reduced $0.80 per share, generating cash proceeds of $1,320,458.
