Summary by Moomoo AI
On October 28, 2024, Intrusion Inc. received a notice from Nasdaq indicating non-compliance with the $1.00 minimum bid price requirement for continued listing on the Nasdaq Capital Market. The company's stock, trading under "INTZ", failed to maintain the required minimum bid price for the last 30 consecutive business days as of October 25, 2024.Intrusion has been granted a 180-day grace period, until April 28, 2025, to regain compliance. The company can achieve this by maintaining a closing bid price of at least $1.00 per share for a minimum of ten consecutive business days. If unsuccessful, Intrusion may be eligible for an additional 180-day period, provided it meets other listing requirements and indicates intention to implement a reverse stock split if necessary.The company is currently evaluating its options to address the deficiency and regain compliance. No immediate action has been taken, and there is no guarantee that Intrusion will successfully meet the minimum bid price requirement within the given timeframe.