Intrusion shares are trading higher. The company announced that it entered into a Securities Purchase Agreement through a $2.4 million Private Offering of 4,359,374 shares at $0.60 per share.
Portfolio Pulse from Benzinga Newsdesk
Intrusion Inc. has entered into a Securities Purchase Agreement for a private offering, raising $2.4 million through the sale of 4,359,374 shares at $0.60 each.
November 10, 2023 | 5:15 pm
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POSITIVE IMPACT
Intrusion Inc. has successfully raised $2.4 million in a private offering by selling shares at a price of $0.60 each.
The successful capital raise through a private offering is generally a positive signal for a company, indicating investor confidence and providing funds that can be used for growth, debt reduction, or other corporate purposes. However, the issuance of new shares can also dilute existing shareholders' equity, which might temper the positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100