Intrusion Inc. Provides an Update on its Balance Sheet
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Intrusion Inc. has improved its balance sheet by securing $14.5 million in proceeds and eliminating $10.1 million in Series A Preferred Stock, enhancing its financial flexibility and eliminating the need for additional capital in 2025.
January 15, 2025 | 9:15 pm
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Intrusion Inc. has improved its financial position by securing $14.5 million in proceeds and eliminating $10.1 million in Series A Preferred Stock. This positions the company for growth and removes the need for additional capital in 2025.
The elimination of Series A Preferred Stock and securing of $14.5 million in proceeds significantly improves Intrusion Inc.'s balance sheet. This financial strengthening reduces the need for additional capital, which is positive for the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100