debt
confidence high
sentiment neutral
materiality 0.35
Intrusion exchanges $150K note for 170,474 common shares with Streeterville Capital
INTRUSION INC
- Exchange of $150,000 principal amount of Promissory Note #1 (original $5.35M) for 170,474 shares of common stock.
- Shares issued under Section 3(a)(9) exemption; no cash consideration exchanged.
- Original note reduced by $150,000; remaining balance continues under original terms.
- Exchange shares to be issued free of restrictive legend after holding period tacked to original note (March 10, 2022).
- Beneficial ownership limited to 9.99% of outstanding common stock.