secwatch.observer — SEC 8-K summary
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Issuer:     INTRUSION INC (INTZ)
CIK:        0000736012
Form:       8-K
Filed at:   2025-03-11T23:59:59+00:00
Accession:  0001683168-25-001477
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intrusion exchanges $150K note for 170,474 common shares with Streeterville Capital
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/736012/000168316825001477/0001683168-25-001477-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/736012/000168316825001477/intrusion_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-001477

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