secwatch.observer — SEC 8-K summary
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Issuer:     INTRUSION INC (INTZ)
CIK:        0000736012
Form:       8-K
Filed at:   2023-03-01T23:59:59+00:00
Accession:  0001683168-23-001221
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/736012/000168316823001221/0001683168-23-001221-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/736012/000168316823001221/intrusion_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-001221

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer