other material
confidence high
sentiment neutral
materiality 0.40
Intrusion exchanges 125 Series A preferred shares for 90,460 common shares valued at $137,500
INTRUSION INC
- 125 Series A Preferred shares exchanged for 90,460 common shares (value $137,500) with Streeterville Capital LLC.
- Exchange is exempt under Section 3(a)(9) of Securities Act; no cash consideration involved.
- Preferred shares cancelled; common shares issued via DWAC to investor's brokerage account.
- Holding period for common shares tacks to prior preferred and promissory note dates for Rule 144 purposes.