{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-24-001517","form_type":"8-K","ticker":"INTZ","cik":"0000736012","company_name":"INTRUSION INC","filed_at":"2024-03-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.800518+00:00","generated_at":"2026-06-04T16:13:16.404412+00:00","sec_items":["1.01","5.03","5.07","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Intrusion announces 1-for-20 reverse split and $9.275M debt-to-preferred exchange","bullets":["Reverse stock split at 1-for-20 ratio effective March 22; trading resumes March 25 under same ticker INTZ, new CUSIP 46121E 304.","Split aims to regain Nasdaq $1.00 minimum bid price compliance; fractional shares rounded up.","Exchanged $9.275M senior debt (Notes #2 and partitioned Note #1) with Streeterville Capital for 9,275 shares Series A Preferred.","Series A has $1,100 stated value, 10% annual preferred return, quarterly dividends starting 2.5% per quarter after one year.","Preferred shares are non-convertible, have liquidation preference over common, and no voting rights except on charter amendments."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-24-001517","json":"https://secwatch.observer/filing/0001683168-24-001517.json","markdown":"https://secwatch.observer/filing/0001683168-24-001517.md","text":"https://secwatch.observer/filing/0001683168-24-001517.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/736012/000168316824001517/0001683168-24-001517-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/736012/000168316824001517/intrusion_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T16:13:16.404412+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"dda41c09ec39de401c2d2037e5715b774242c46c","claim":"INTRUSION INC: Filed Certificate of Designations creating Series A preferred stock with stated value $1,100 per share, 10% annual accrued return, quarterly dividends, and liquidation preference ahead of common stock (effective 2024-03-15).","evidence_excerpt":"Also on March 15, 2024, following approval by stockholders at the Special Meeting and following the filing of the A&R Certificate, filed a Certificate of Designations (the “Series A Certificate”) creating Series A preferred stock, $0.01 par value per share (the “Series A Stock”).","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/736012/000168316824001517/0001683168-24-001517-index.htm","confidence":0.97,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2024-03-15"}],"fact_type":"governance_change"},{"claim_id":"fdf9f308960b3c3649d92ce54b1d18c78e929a39","claim":"INTRUSION INC: Filed Amended and Restated Certificate of Incorporation to eliminate Series 1, 2, and 3 preferred shares, create a right of stockholders to take action by written consent, add a Delaware forum selection provision, and update/clarify/remove outdated provisions, after stockholder approval at special m (effective 2024-03-15).","evidence_excerpt":"On March 15, 2024, following approval by stockholders at the Special Meeting (as hereinafter defined), as discussed in Item 5.07 of this Current Report on Form 8-K, the Company filed the Amended and Restated Certificate of Incorporation (the “A&R Certificate”) to (i) eliminate the Series 1, Series 2, and Series 3 preferred shares, (ii) create a right of stockholders to take action by written consent; (iii) add a Delaware forum selection provision; and (iv) update, clarify and remove outdated provisions.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/736012/000168316824001517/0001683168-24-001517-index.htm","confidence":0.98,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2024-03-15"}],"fact_type":"governance_change"},{"claim_id":"76fecef9e93741b16ad015f2ded99965d386dd3e","claim":"INTRUSION INC entered into Exchange Agreement with Streeterville Capital, LLC (effective 2024-03-15).","evidence_excerpt":"On March 15, 2024, Intrusion Inc. (the “Company”), entered into and closed an Exchange Agreement with Streeterville Capital, LLC (“Streeterville”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/736012/000168316824001517/0001683168-24-001517-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Streeterville Capital, LLC"},{"label":"Effective","value":"2024-03-15"}],"fact_type":"material_agreement"},{"claim_id":"cda202858b4799e4c30989efbd0b74580566f9e2","claim":"INTRUSION INC shareholders approved Approval of Series A Certificate of Designations creating Series A preferred stock at the 2024-03-15 meeting.","evidence_excerpt":"Also on March 15, 2024, following approval by stockholders at the Special Meeting and following the filing of the A&R Certificate, filed a Certificate of Designations (the “Series A Certificate”) creating Series A preferred stock, $0.01 par value per share (the “Series A Stock”).","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/736012/000168316824001517/0001683168-24-001517-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2024-03-15"}],"fact_type":"shareholder_vote"},{"claim_id":"f15a59276210f3769cbdaa6c2609649e1401215c","claim":"INTRUSION INC shareholders approved Approval of Amended and Restated Certificate of Incorporation to eliminate Series 1, Series 2, and Series 3 preferred shares, create right of stockholders to take action by written consent, add Delaware forum selection provision, and update, clarify and remove outdated provisions. at the 2024-03-15 meeting.","evidence_excerpt":"On March 15, 2024, following approval by stockholders at the Special Meeting (as hereinafter defined), as discussed in Item 5.07 of this Current Report on Form 8-K, the Company filed the Amended and Restated Certificate of Incorporation (the “A&R Certificate”) to (i) eliminate the Series 1, Series 2, and Series 3 preferred shares, (ii) create a right of stockholders to take action by written consent; (iii) add a Delaware forum selection provision; and (iv) update, clarify and remove outdated provisions.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/736012/000168316824001517/0001683168-24-001517-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"charter amendment"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2024-03-15"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}