debt
confidence high
sentiment neutral
materiality 0.30
Intrusion exchanges $236,642 of note payable for 228,551 common shares, extinguishing the note
INTRUSION INC
- Exchanged $236,642.64 of Promissory Note #1 with Streeterville Capital for 228,551 common shares.
- Exchange satisfies all obligations under the partitioned note; note is paid-in-full and retired.
- Shares issued under Section 3(a)(9) exemption; no cash consideration exchanged.
- Original note principal reduced by exchange amount; note remains in effect for remaining balance.