secwatch.observer — SEC 8-K summary
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Issuer:     INTRUSION INC (INTZ)
CIK:        0000736012
Form:       8-K
Filed at:   2024-11-27T23:59:59+00:00
Accession:  0001683168-24-008428
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Intrusion offers warrant inducement: exercise price lowered to $0.76, new 5-year warrants at $0.63
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- Board approved inducement letter from Nov 21 to Dec 19, 2024, for holders of 3,198,082 total warrant shares.
- Exercise price reduced to $0.76/share (includes $0.13 attributed to new warrant purchase price).
- Each exercised warrant share yields a New Warrant with $0.63 exercise price and 5-year term.
- Warrants covered are from four tranches issued Sep 2022, Nov 2023, Apr 2 & Apr 22, 2024.
- Inducement aims to encourage warrant exercise, potentially raising capital while diluting existing shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/736012/000168316824008428/0001683168-24-008428-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/736012/000168316824008428/intrusion_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-008428

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