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$Intrusion (INTZ.US)$ NEWS Intrusion Inc. Announces Private ...
NEWS
Intrusion Inc. Announces Private Placement Subscription Agreement
Intrusion Inc. announced a private placement subscription agreement, selling 1,348,569 shares of common stock with warrants at an aggregate price of $1.95 per share, resulting in net proceeds of $2.6 million. The company aims to use the funds for working capital and general corporate purposes. CEO Tony Scott highlighted the offering's significance in achieving Nasdaq compliance and supporting growth in cybersecurity solutions.
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