secwatch.observer — SEC 8-K summary
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Issuer:     INTRUSION INC (INTZ)
CIK:        0000736012
Form:       8-K
Filed at:   2026-08-28T14:01:24+00:00
Accession:  0001683168-26-006767
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 5.07, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/736012/000168316826006767/0001683168-26-006767-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/736012/000168316826006767/intrusion_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-26-006767

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