other material
confidence high
sentiment neutral
materiality 0.50
Intrusion exchanges $150K note for 153,295 shares; SEPA remains undrawn
INTRUSION INC
- Exchanged $150,000 promissory note principal for 153,295 shares of common stock with Streeterville Capital.
- Shares issued under Section 3(a)(9) exemption; no restrictive legend due to Rule 144 holding period tacking from March 2022.
- Original $5.35M note reduced by $150K; remaining balance continues under original terms.
- SEPA for up to $10M in common stock with Streeterville remains in effect; no immediate draw plans.