Intrusion completes 100% acquisition of OW Cyber, funds $1.3M payment via $1.615M Streeterville note

INTRUSION INC

Completed second closing under MIPA, acquiring remaining 40% of OW Cyber LLC for $1.3M cash; now 100% owner.
Issued $1.615M secured promissory note to Streeterville Capital; net proceeds $1.5M after $105K OID and $10K fees.
Note bears 7% annual interest, matures Aug 28, 2028; monthly redemption rights up to $150K after 6 months; 17.65% monitoring fee after 90 days.
Shareholders approved Nasdaq Rule 5635 equity issuance proposal at Aug 27 annual meeting (4,392,822 for, 432,643 against), satisfying closing condition.
OW Cyber guarantees note; security interest in all Intrusion assets and IP.

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