DelistingNov 5, 2026, 06:07 AM
Intrusion Inc. Gets 180-Day Extension to Meet Nasdaq Bid Price Rule
AI Summary
Intrusion Inc. (INTZ) has been granted an additional 180-day extension by Nasdaq, until May 3, 2027, to regain compliance with the minimum $1.00 bid price requirement for continued listing. The company had previously failed to meet this requirement by the initial November 3, 2026 deadline. Nasdaq's decision was based on Intrusion meeting other listing criteria and its stated intention to cure the deficiency, potentially through a reverse stock split. The company must achieve a minimum bid price of $1.00 for 10 consecutive business days before the May 3, 2027 deadline to avoid delisting.
Key Highlights
- Intrusion Inc. received an additional 180 days, until May 3, 2027, to regain compliance with Nasdaq's minimum $1.00 bid price requirement.
- The company previously failed to meet the minimum bid price requirement by November 3, 2026.
- Nasdaq granted the extension as Intrusion meets other listing requirements and intends to cure the deficiency via a reverse stock split.
- To regain compliance, the stock must trade at $1.00 or higher for 10 consecutive business days before May 3, 2027.
- Failure to comply by May 3, 2027, will result in delisting, though the company may appeal.
Price Impact
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