Intrusion Inc Says On Sept 26, Co Received Notice From Nasdaq That Co Is Not Been Compliance With The Minimum Bid Price Requirement; Company Consented To Entry Of Final Judgment Related To SEC Investigation
Portfolio Pulse from Benzinga Newsdesk
Intrusion Inc has received a notice from Nasdaq stating that the company is not in compliance with the minimum bid price requirement. The company has also consented to the entry of final judgment related to an SEC investigation.
October 02, 2023 | 6:07 pm
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NEGATIVE IMPACT
Intrusion Inc's non-compliance with Nasdaq's minimum bid price requirement and its consent to final judgment in an SEC investigation could negatively impact its stock price.
Intrusion Inc's failure to meet Nasdaq's minimum bid price requirement could lead to its delisting from the exchange, which would likely negatively impact its stock price. Additionally, the company's consent to final judgment in an SEC investigation suggests potential regulatory issues, which could further negatively impact investor sentiment and the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100