Intrusion settles derivative suit, exchanges preferred, reprices warrants

INTRUSION INC

Court approved derivative lawsuit settlement on Apr 3; insurer pays $250K; governance changes for 3 years.
Exchanged 91 Series A Preferred shares for 32,248 common shares valued at $100,100 with Streeterville.
Board approved lowering exercise price of 1,212,593 Sep 2022 and 8,718,748 Nov 2023 warrants to $3.04.
New warrants at $2.91 exercise price with 5-year term offered to exercising holders during Apr 2-23 window.
Up to ~9.93M common shares issuable if all warrants exercised; potential cash inflow from exercises.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

INTRUSION INC entered into Stipulation of Compromise and Settlement with Nathan Prawitt valued at $250,000 (effective 2024-04-03).

Action: entry
Agreement: settlement
Counterparty: Nathan Prawitt
Value: $250,000
Effective: 2024-04-03

Exact text from the filing

On April 3, 2024, the Settlement Agreement was approved by the Court and judgment was entered consistent with the Settlement Agreement

View on SEC.gov

419 material agreements filed in the last 30 days. Browse all material agreements →

INTRUSION INC filing history →

Source: SEC EDGAR

accession 0001683168-24-002129

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.