DelistingMay 13, 2026, 07:32 AM
Intrusion Inc. Receives NASDAQ Delisting Notice for Low Bid Price
AI Summary
Intrusion Inc. received a notice from NASDAQ on May 7, 2026, stating that its common shares failed to meet the minimum $1.00 bid price requirement for 30 consecutive trading days. The company has 180 calendar days, until November 3, 2026, to regain compliance by maintaining a closing bid price of at least $1.00 for 10 consecutive business days. Failure to comply could lead to delisting, though an extension or appeal process is possible. The company plans to monitor its share price and evaluate options.
Key Highlights
- Received NASDAQ notice on May 7, 2026, for failing minimum $1.00 bid price.
- Common shares traded below $1.00 for 30 consecutive days (March 25 - May 6, 2026).
- Has 180 calendar days, until November 3, 2026, to regain compliance.
- Must achieve a closing bid price of $1.00 for 10 consecutive business days.
- Potential for an additional 180-day extension under specific conditions.
- No immediate effect on the listing or trading of shares.
- Company will monitor bid price and evaluate options to regain compliance.