INTRUSION INC 8-K

What Happened

• On May 7, 2026 Intrusion Inc (INTZ) filed an 8‑K reporting that Nasdaq notified the company its closing bid price fell below the $1.00 minimum required under Nasdaq Listing Rule 5550(a)(2). The deficiency covered 30 consecutive trading days from March 25, 2026 through May 6, 2026.
• Under Nasdaq Listing Rule 5810(c)(3)(A) the company has 180 calendar days (the “Grace Period”) to regain compliance — until November 3, 2026 — by achieving a closing bid of at least $1.00 for a minimum of 10 consecutive business days. The notice does not affect current listing or trading while the company remains otherwise compliant.

Key Details

• Nasdaq notice date: May 7, 2026; deficiency period: March 25–May 6, 2026 (30 consecutive trading days).
• Required cure: closing bid ≥ $1.00 for at least 10 consecutive business days within the 180‑day grace period (ends Nov 3, 2026).
• Potential 180‑day extension available if the company meets market‑value and other initial listing standards (except the minimum bid) and submits a written plan to cure, which may include a reverse stock split.
• If Nasdaq staff determines the company cannot cure the deficiency or the company fails other listing standards, Nasdaq could move to delist; the company may appeal to a Nasdaq Listing Qualifications Panel.

Why It Matters

• A continued failure to meet the $1.00 bid requirement could lead to delisting, which typically reduces liquidity, may limit investor access, and can adversely affect share price and capital‑raising ability.
• Intrusion stated it will monitor the closing bid and evaluate options to regain compliance; investors should watch the closing price, any announced corporate actions (e.g., reverse split), and further Nasdaq communications.