debt
confidence high
sentiment neutral
materiality 0.25
Intrusion swaps 90 Series B preferred shares with Streeterville for 198,396 common shares, $99K value
INTRUSION INC
- Streeterville Capital exchanged 90 Series B Preferred shares for 198,396 INTZ common shares under an Exchange Agreement dated November 5, 2026; preferred shares cancelled.
- Company valued the exchange at $99,000 fair value; Streeterville gave no other consideration beyond surrendering the preferred shares.
- Streeterville had earlier converted part of its $3,230,000 Secured Promissory Note (April 6, 2026) into 3,250 Series B Preferred shares effective October 29, 2026.
- Investor capped at 9.99% beneficial ownership of common stock post-exchange; shares issued under Section 3(a)(9) with Rule 144 holding period tacked to April 6, 2026.