Intrusion Announces Securities Purchase Agreement Through A $2.4M Private Offering Of 4,359,374 Shares At $0.60/Share
Portfolio Pulse from Benzinga Newsdesk
Intrusion Inc. has announced a securities purchase agreement through a private offering of 4,359,374 shares at $0.60 per share, resulting in net proceeds of $2.4 million.
November 10, 2023 | 1:05 pm
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NEGATIVE IMPACT
Intrusion Inc. has raised $2.4 million through a private offering of shares. This could potentially dilute the value of existing shares.
Intrusion Inc.'s private offering of over 4.3 million shares could potentially dilute the value of existing shares, which may negatively impact the stock price in the short term. However, the raised capital could be used for business expansion or debt repayment, which could have positive long-term effects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100