secwatch.observer — SEC 8-K summary
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Issuer:     INTRUSION INC (INTZ)
CIK:        0000736012
Form:       8-K
Filed at:   2024-03-13T23:59:59+00:00
Accession:  0001683168-24-001445
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

INTZ exchanges $200k promissory note for 1,044,932 shares with Streeterville Capital
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- Exchanged $200,000 principal amount of Promissory Note #1 for 1,044,932 shares of common stock (approx. $0.19 per share implied).
- Shares issued under Section 3(a)(9) exemption; no restrictive legend expected.
- Note partitioned from original $5.35M note; outstanding balance reduced by $200k.
- Exchange shares subject to 9.99% beneficial ownership limitation.
- Transaction effective March 7, 2024; shares to be delivered by March 11, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/736012/000168316824001445/0001683168-24-001445-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/736012/000168316824001445/intrusion_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-001445

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