Intrusion Inc. Announces Warrant Inducement, Raises $1.32M

What Happened
Intrusion Inc. (INTZ) filed an 8-K on September 3, 2026 disclosing a warrant inducement program approved by the board on August 14, 2026. Between August 17 and August 28, 2026, holders were offered a temporarily reduced exercise price; 1,660,954 existing warrants were exercised during that period, producing aggregate cash proceeds of $1,320,458. In connection with those exercises, the company issued 1,660,954 new common stock purchase warrants (the "New Warrant") with an exercise price of $0.67 and a five‑year exercise period.

Key Details

• Board approval date: August 14, 2026; inducement period: August 17–28, 2026.
• Warrants exercised: 1,660,954; cash proceeds received: $1,320,458.
• New warrants issued: 1,660,954 with a $0.67 exercise price and five‑year term from first exercisable date.
• The inducement offered a temporary reduced exercise price of $0.795, which included $0.125 attributable to the purchase price of each New Warrant.

Why It Matters

• Immediate cash: The company raised $1.32 million from warrant exercises, providing near‑term liquidity.
• Potential future dilution: The new warrants give holders the right to buy shares at $0.67 for five years; if fully exercised, they would generate approximately $1.11 million in additional proceeds but would increase shares outstanding.
• Transparency: The company reported these transactions under Item 3.02 (unregistered sales) and Item 8.01 (other events), informing investors about financing activity and potential share count impacts.