secwatch.observer — SEC 8-K summary
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Issuer:     INTRUSION INC (INTZ)
CIK:        0000736012
Form:       8-K
Filed at:   2025-03-17T23:59:59+00:00
Accession:  0001683168-25-001667
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intrusion exchanges $150K note for 153,295 shares; SEPA remains undrawn
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/736012/000168316825001667/0001683168-25-001667-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/736012/000168316825001667/intrusion_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-001667

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