secwatch.observer — SEC 8-K summary
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Issuer:     INTRUSION INC (INTZ)
CIK:        0000736012
Form:       8-K
Filed at:   2026-04-09T23:59:59+00:00
Accession:  0001683168-26-002782
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/736012/000168316826002782/0001683168-26-002782-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/736012/000168316826002782/intrusion_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-26-002782

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