Intrusion Reports Stock Exchange Deals With Investor; Shares Rise

MT Newswires Live01-04

Intrusion (INTZ) reported in a regulatory filing Friday that it entered into several privately-negotiated deals last year with Streeterville Capital to exchange a total of 8,867 shares of series A preferred shares for almost 3.2 million of common shares.

The company also received proceeds of about $9.8 million net of fees from the sale of its shares last year based on its at-the-market program with B. Riley Securities, according to the filing.

The shares were up more than 10% in recent trading.

Price: 4.19, Change: +0.41, Percent Change: +10.85

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment