Intrusion Inc. provided an update on its balance sheet, detailing recent actions that significantly strengthened its financial position. The company successfully raised $14.5 million in proceeds through a series of strategic financial actions. These actions included warrant inducements, a standby equity purchase agreement, an ATM program, and a registered direct offering.
Concurrently, Intrusion announced the elimination of $10.1 million in notional value of all Series A Preferred Stock. These decisive actions have improved the company's financial position. This transformation removes significant burdens that previously consumed management's focus.
The company now has sufficient capital to fund its operations through 2025 and into early 2026, eliminating the need to raise additional capital in calendar year 2025. This improved liquidity is expected to lead to more productive conversations with potential customers and removed the 'going concern' opinion.
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