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

Issuer:     INTRUSION INC (INTZ)
CIK:        0000736012
Form:       8-K
Filed at:   2025-01-07T23:59:59+00:00
Accession:  0001683168-25-000139
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intrusion raises $7.5M via 653K shares at $3.05 and 1.8M prefunded warrants
---------------------------------------------------------------------------

- Aggregate gross proceeds of $7.5M from sale of 653,000 shares at $3.05/share and 1,806,016 prefunded warrants at $3.0499 each.
- Prefunded warrants exercisable immediately at $0.0001/share, with a 4.99% beneficial ownership limitation.
- CEO Tony Scott: offering plus recent conversions and ATM/SEPA proceeds funds ops through FY2025, eliminates need for further 2025 capital.
- Net proceeds for working capital, repayment of indebtedness, capital expenditures, acquisitions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/736012/000168316825000139/0001683168-25-000139-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/736012/000168316825000139/intrusion_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-000139

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