Intrusion (NASDAQ: INTZ) faces Nasdaq bid‑price noncompliance and potential delisting risk
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Intrusion, Inc. disclosed that Nasdaq has notified the company its common stock no longer meets the minimum bid price requirement for continued listing on the Nasdaq Capital Market. The stock’s closing bid price was below $1.00 per share for 30 consecutive trading days from March 25, 2026 through May 6, 2026.
The company has a 180‑day grace period, until November 3, 2026, to regain compliance by achieving a closing bid of at least $1.00 for 10 consecutive business days. Intrusion may seek an additional 180‑day extension if it meets other listing standards and could consider a reverse stock split. Its shares remain listed for now, but they could be delisted if compliance is not restored.
Positive
- None.
Negative
- Intrusion, Inc. received a Nasdaq notice that its stock failed the $1.00 minimum bid requirement for 30 consecutive trading days, creating a clear risk of eventual delisting if compliance is not restored within the allowed periods.
Insights
Nasdaq bid‑price deficiency raises delisting risk but allows time to fix.
Intrusion, Inc. has fallen out of compliance with Nasdaq’s $1.00 minimum bid requirement after 30 consecutive trading days below that level. This triggers a formal deficiency process but does not immediately remove the stock from the Nasdaq Capital Market.
The company has a 180‑day grace period to restore a closing bid of at least $1.00 for 10 straight business days. If it meets other initial listing standards, it may qualify for another 180‑day window and could address the issue via a reverse stock split.
If compliance is not regained, Nasdaq may move to delist the shares, although Intrusion could appeal to a Listing Qualifications Panel. The actual outcome will depend on future share‑price performance and any corporate actions the company undertakes within the specified compliance periods.
8-K Event Classification
Item 3.01 — Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
1 item
Item 3.01
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Securities
The company received a delisting notice or transferred its listing to a different exchange.
Key Figures
Minimum bid requirement: $1.00 per share
Noncompliance measurement period: 30 consecutive trading days
Initial grace period length: 180 calendar days
+3 more
6 metrics
Minimum bid requirement
$1.00 per share
Nasdaq Capital Market Listing Rule 5550(a)(2) threshold
Noncompliance measurement period
30 consecutive trading days
March 25, 2026 through May 6, 2026
Initial grace period length
180 calendar days
To regain Nasdaq minimum bid compliance
Grace period end date
November 3, 2026
Deadline to regain minimum bid compliance
Compliance trading requirement
10 consecutive business days
Closing bid at or above $1.00 per share
Potential extension length
Additional 180 calendar days
Possible second compliance period if criteria are met
Key Terms
Minimum Bid Requirement, Grace Period, reverse stock split, NASDAQ Capital Market, +1 more
5 terms
Minimum Bid Requirement market
"had fallen below $1.00 per share, which is the minimum closing bid price required..."
A minimum bid requirement is a rule that a stock’s price must meet or exceed a set floor for certain market actions — for example to remain listed on an exchange, qualify for a tender offer, or participate in a specific auction. It matters to investors because falling below that floor can trigger delisting, limit who can buy or sell the shares, or change the terms of a transaction; think of it like a store’s minimum purchase needed to access a special sale, which affects value and liquidity.
Grace Period regulatory
"the Company has 180 calendar days to regain compliance with the Minimum Bid Requirement (the “Grace Period”)"
A grace period is a short, pre-agreed span of time after a payment, filing, or other obligation is due during which a company or individual can meet the requirement without being penalized or declared in default. Think of it as a temporary breathing room that prevents immediate consequences for a missed deadline. Investors care because grace periods affect when cash flows are actually received, how soon penalties or defaults can hit, and the apparent credit risk and stability of an issuer.
reverse stock split financial
"plan to cure the deficiency during the second compliance period by effectuating a reverse stock split, if necessary."
A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.
NASDAQ Capital Market market
"maintain listing on the NASDAQ Capital Market under Listing Rule 5550(a)(2)"
The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.
Listing Rule 5550(a)(2) regulatory
"under Listing Rule 5550(a)(2) (the “Minimum Bid Requirement”)."
Listing Rule 5550(a)(2) is a Nasdaq listing standard that sets a minimum share-price requirement for securities to be listed or to remain listed on the Nasdaq Capital Market. It matters to investors because falling below that minimum can trigger delisting reviews or increased volatility, much like a safety bar on a ride — if a stock can’t meet the height requirement, it risks being removed from the exchange, which can reduce liquidity and access for buyers and sellers.
FAQ
Why did Intrusion (INTZ) receive a Nasdaq deficiency notice?
Intrusion received the notice because its common stock’s closing bid price stayed below $1.00 per share for 30 consecutive trading days from March 25, 2026 through May 6, 2026. This violates Nasdaq Capital Market Listing Rule 5550(a)(2).
How long does Intrusion (INTZ) have to regain Nasdaq listing compliance?
Intrusion has an initial 180‑day grace period, ending November 3, 2026, to regain compliance. During this time, it must meet Nasdaq’s minimum bid requirement while also continuing to satisfy other applicable listing standards.
What must Intrusion (INTZ) do to regain the Nasdaq minimum bid requirement?
To regain compliance, Intrusion’s common stock must close at or above $1.00 per share for at least 10 consecutive business days within the 180‑day grace period. Nasdaq has discretion to determine if the requirement has been fully met.
Can Intrusion (INTZ) get more time beyond November 3, 2026 to fix its bid price?
Intrusion may qualify for a second 180‑day compliance period if it meets all initial listing standards other than the minimum bid price. It must also notify Nasdaq of its plan to cure the deficiency, potentially including a reverse stock split.
Will Intrusion (INTZ) be delisted from Nasdaq immediately?
The notice has no immediate effect on trading, and INTZ shares remain listed on the Nasdaq Capital Market. Delisting would only occur if the company ultimately fails to regain compliance and any appeals or extension opportunities are exhausted.
What options might Intrusion (INTZ) consider to address the Nasdaq bid deficiency?
Intrusion states it will monitor its closing bid price and evaluate options to regain compliance. For a potential second grace period, it may present a plan to Nasdaq that could include implementing a reverse stock split, if needed.