secwatch.observer — SEC 8-K summary
======================================

Issuer:     INTRUSION INC (INTZ)
CIK:        0000736012
Form:       8-K
Filed at:   2024-11-22T23:59:59+00:00
Accession:  0001683168-24-008349
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intrusion exchanges 68 Series A Preferred shares for 110,340 common shares with Streeterville Capital
--------------------------------------------------------------------------------

- Exchange of 68 Series A Preferred for 110,340 common shares at fair value of $74,800; no cash consideration from investor.
- Shares issued under Section 3(a)(9) exemption; Preferred shares surrendered and cancelled.
- Holding period of Exchange Shares tacks to prior promissory notes from March and June 2022.
- Investor represented beneficial ownership will not exceed 9.99% of outstanding common stock post-exchange.
- Common shares delivered via DWAC; closing occurred on November 18, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/736012/000168316824008349/0001683168-24-008349-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/736012/000168316824008349/intrusion_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-008349

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