Current Report Filing (8-k)
August 11 2021 - 4:56PM
Edgar (US Regulatory)
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0000736012
2021-08-05
2021-08-05
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xbrli:shares
iso4217:USD
xbrli:shares
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or
15(d) of the Securities Exchange Act of 1934
Date of Report (Date of
earliest event reported): August 5,
2021
INTRUSION INC.
(Exact Name of Registrant as Specified
in Its Charter)
Delaware
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001-39608
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75-1911917
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(State or Other Jurisdiction
of Incorporation)
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(Commission File
Number)
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(IRS Employer
Identification No.)
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101 East Park Blvd, Suite 1200
Plano, Texas
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75074
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(Address of Principal Executive Offices)
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(Zip Code)
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(972) 234-6400
(Registrant’s Telephone Number,
Including Area Code)
NOT APPLICABLE
(Former Name or Former Address,
if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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o
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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o
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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o
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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o
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b)
of the Act:
Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Common Stock, $0.01 par value per share
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INTZ
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NASDAQ Capital Market
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Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Emerging growth company ☐
If an emerging growth company, indicate by check mark if
the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01. Other Events
On August 5, 2021, Intrusion Inc. (“Intrusion”) entered
into a Sales Agreement (the “Sales Agreement”) with B. Riley Securities, Inc., as sales agent (“B. Riley Securities”),
pursuant to which Intrusion may offer and sell, from time to time, through B. Riley Securities, shares of Intrusion’s common stock,
par value $0.01 per share (the “Shares”), having an aggregate offering price of not more than $50.0 million. Any Shares will
be offered and sold pursuant to Intrusion’s shelf registration statement on Form S-3 (File No. 333-258491) after it is declared
effective by the Securities and Exchange Commission (the “SEC”).
Subject to the terms and conditions of the Sales Agreement, B. Riley
Securities will use its commercially reasonable efforts to sell the Shares from time to time, based upon Intrusion’s instructions.
Intrusion has provided B. Riley Securities with customary indemnification rights, and B. Riley Securities will be entitled to a customary
commission rate based on the gross proceeds per Share sold.
Sales of the Shares, if any, under the Sales Agreement may be made
in transactions that are deemed to be “at the market offerings” as defined in Rule 415(a)(4) under the Securities Act of 1933,
as amended. Intrusion has no obligation to sell any of the Shares and may at any time suspend sales under the Sales Agreement or terminate
the Sales Agreement.
The foregoing description of the Sales Agreement does not purport to
be complete and is qualified in its entirety by reference to the Sales Agreement, a copy of which is filed as Exhibit 99.1 to this Current
Report on Form 8-K and incorporated herein by reference.
This Current Report on Form 8-K shall not constitute an offer to sell
or the solicitation of an offer to buy the Shares, nor shall there be any offer, solicitation or sale of the Shares in any state or country
in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such
state or country.
Item 9.01
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Financial Statements and Exhibits
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SIGNATURE
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto
duly authorized.
Dated: August 11, 2021
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INTRUSION INC.
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By:
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/s/ B. Franklin Byrd
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B. Franklin Byrd
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Chief Financial Officer
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