other material
confidence high
sentiment positive
materiality 0.65
Intrusion raises $14.5M, eliminates $10.1M Series A Preferred Stock
INTRUSION INC
- Received $0.3M from warrant inducement (369K warrants exercised) on Dec 27, 2024.
- Drew $1.7M from SEPA with Streeterville Capital.
- Sold ~$5.0M common stock via ATM in Q4 2024.
- Closed registered direct offering on Jan 7, 2025 for $7.5M gross.
- Exchanged 9,025 Series A Preferred shares (notional $9.9M) for 3.454M common shares; eliminates all Series A Preferred.