secwatch.observer — SEC 8-K summary
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Issuer:     INTRUSION INC (INTZ)
CIK:        0000736012
Form:       8-K
Filed at:   2024-07-10T23:59:59+00:00
Accession:  0001683168-24-004727
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intrusion enters $10M standby equity purchase agreement with Streeterville Capital
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- Up to $10M of common stock may be sold to Streeterville over 24 months at 95% of lowest VWAP over three trading days.
- Company pays $25K structuring fee plus 1% commitment fee; proceeds to fund working capital and redeem Series A Preferred.
- Sales capped at 4.99% of outstanding shares per advance; beneficial ownership limitation of 9.99% for Streeterville.
- Stockholder approval needed to exceed 19.99% of outstanding shares under Nasdaq rules if price below Minimum Price.
- Registration rights agreement filed concurrently to register resale of shares issued under SEPA.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/736012/000168316824004727/0001683168-24-004727-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/736012/000168316824004727/intrusion_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-004727

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