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Intrusion ( (INTZ) ) has provided an update.
Intrusion Inc. has announced a $7.5 million registered direct offering through an agreement with a single institutional investor, involving the sale of common stock and prefunded warrants. The proceeds from this offering, along with recent financial strategies, are expected to provide sufficient capital for the company to operate through fiscal year 2025, eliminating the need for additional fundraising in 2025 and strengthening its market position in cybersecurity.
More about Intrusion
Intrusion Inc. is a cybersecurity company based in Plano, Texas, that specializes in cyberattack prevention solutions. The company provides access to a vast threat intelligence database and offers Intrusion Shield, a product designed for Zero Trust, reputation-based security to protect against Zero-Day and ransomware attacks. Their solutions enhance organizational security infrastructure by blocking malicious network traffic.
YTD Price Performance: -16.14%
Average Trading Volume: 6,410,163
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $27.62M
For detailed information about INTZ stock, go to TipRanks’ Stock Analysis page.
