secwatch.observer — SEC 8-K summary
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Issuer:     INTRUSION INC (INTZ)
CIK:        0000736012
Form:       8-K
Filed at:   2023-08-07T23:59:59+00:00
Accession:  0001683168-23-005354
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intrusion extends note maturities with Streeterville; grants security interest in all assets
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- Maturity of Note #1 extended to Sep 10, 2024; Note #2 to Dec 29, 2024 (12-month extension).
- Standstill: no cash payments for 180 days after a qualified public offering of at least $5M, if closed by Oct 1, 2023.
- If no qualifying offering by Oct 1, standstill lapses and $50k weekly ACH payments resume under the Notes.
- Intrusion granted Streeterville a first-priority security interest in substantially all assets including accounts, equipment, and IP.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/736012/000168316823005354/0001683168-23-005354-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/736012/000168316823005354/intrusion_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-005354

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