Intrusion Inc. issues $3.23M secured note to Streeterville Capital at 7% with OID

INTRUSION INC

Net cash proceeds of $3M from $3.23M principal note, after $210K OID and $20K transaction expenses.
Note bears 7% annual interest, matures in 24 months; monthly redemption up to $250K begins after 6 months.
Monitoring fee after 90 days automatically increases outstanding balance by approx. 17.65%.
Note secured by first-priority lien on all assets and intellectual property via Security and IP Security Agreements.
Covenants include most-favored-nation clause, participation right, and restricted issuance terms without consent.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

INTRUSION INC entered into Note Purchase Agreement with Streeterville Capital, LLC valued at original principal amount of $3,230,000 (effective 2026-04-06).

Action: entry
Agreement: notes offering
Counterparty: Streeterville Capital, LLC
Value: original principal amount of $3,230,000
Effective: 2026-04-06

Exact text from the filing

On April 6, 2026, Intrusion Inc. (the “Company”) entered into a Note Purchase Agreement (the “Purchase Agreement”) with Streeterville Capital, LLC (the “Investor”). Pursuant to the Purchase Agreement, the Company issued and sold to the Investor a Secured Promissory Note (the “Note”) in the original principal amount of $3,230,000 for cash proceeds of $3,000,000 (reflecting an original issue discount of $210,000 and $20,000 in transaction expenses).

View on SEC.gov

Browse all material agreements →

INTRUSION INC filing history →

Source: SEC EDGAR

accession 0001683168-26-002782

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.