Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
INTRUSION INC incurred senior notes of $1.4 million with Streeterville Capital, LLC at No interest accrues maturing March 31, 2023.
- Instrument
- senior notes
- Principal
- $1.4 million
- Counterparty
- Streeterville Capital, LLC
- Rate
- No interest accrues
- Maturity
- March 31, 2023
- Event
- incurrence
Exact text from the filing
On February 23, 2023, Intrusion Inc. (the “Company”) entered into a note purchase agreement with Streeterville Capital, LLC (“Streeterville”), pursuant to which, among other things, Streeterville purchased from the Company a promissory note (the “Note”) in the aggregate principal amount of $1.4 million plus certain reimbursed expenses in exchange for $1.3 million to the Company. Under the Note, the Company shall make principal payments to Streeterville in the amount $50,000 per week each week prior to its maturity on March 31, 2023.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
INTRUSION INC entered into Note Purchase Agreement with Streeterville Capital, LLC valued at $1.4 million (effective 2023-02-23).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- Streeterville Capital, LLC
- Value
- $1.4 million
- Effective
- 2023-02-23
Exact text from the filing
On February 23, 2023, Intrusion Inc. (the “Company”) entered into a note purchase agreement with Streeterville Capital, LLC (“Streeterville”), pursuant to which, among other things, Streeterville purchased from the Company a promissory note (the “Note”) in the aggregate principal amount of $1.4 million
View on SEC.gov