Summary by Moomoo AI
On November 21, 2024, Intrusion's Board approved an inducement program running through December 19, 2024, reducing the exercise price of existing warrants to $0.76 per share, which includes $0.13 for new warrant purchase rights. The program covers approximately 3.2 million shares underlying existing warrants issued between September 2022 and April 2024.Under this program, participating warrant holders will receive new warrants matching the number of shares exercised. These new warrants will have an exercise price of $0.63 per share and a five-year exercise period, providing additional opportunities for future equity participation.
