I
Intrusion
· 5% stake
Notable
Tego Cyber declares 8.9% of Intrusion and seeks CEO and board changes
Tego Cyber, which sold a business to Intrusion for shares, now holds 8.9% of the company and says it will seek talks on CEO succession, a new board and spending cuts.
The filing
13D
8.9%
Of the shares
$1.39M
Value
Active
Investor
I
Intrusion Inc. Common Stock
Holds 2,373,134 shares
Stated purpose
Tego Cyber says it intends to seek talks with Intrusion's board on CEO succession, new independent directors, cuts in operating costs and an independent review of gross margin presentation.
Declared to the SEC, the US stock market watchdog (Schedule 13D), after the 5% threshold was crossed on November 12, filed on November 12. The previous filing, a Schedule 13G, dates from June 29.
AI analysis
Nov 12
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