---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-001221"
form_type: "8-K"
ticker: "INTZ"
cik: "0000736012"
company_name: "INTRUSION INC"
filed_at: "2023-03-01T23:59:59+00:00"
generated_at: "2026-06-18T19:22:20.349345+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Intrusion enters $1.4M note purchase agreement with Streeterville Capital, due March 31, 2023

## Summary
- Streeterville purchased $1.4M promissory note for $1.3M net to Intrusion.
- Weekly principal payments of $50,000 required until maturity on March 31, 2023.
- No interest accrues on the note prior to maturity.
- Security agreement grants Streeterville interest in employee retention credits under CARES Act.
- Intrusion has previously issued similar notes to Streeterville (March 2022, Jan 2023).

## SEC filing metadata
- accession: 0001683168-23-001221
- form_type: 8-K
- ticker: INTZ
- cik: 0000736012
- company_name: INTRUSION INC
- filed_at: 2023-03-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/736012/000168316823001221/0001683168-23-001221-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/736012/000168316823001221/intrusion_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-001221
- JSON: https://secwatch.observer/filing/0001683168-23-001221.json
- Plain text: https://secwatch.observer/filing/0001683168-23-001221.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/736012/000168316823001221/0001683168-23-001221-index.htm
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/736012/000168316823001221/0001683168-23-001221-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.