secwatch.observer — SEC 8-K summary
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Issuer:     INTRUSION INC (INTZ)
CIK:        0000736012
Form:       8-K
Filed at:   2026-11-10T21:05:17+00:00
Accession:  0001683168-26-008497
Event type: debt
Sentiment:  neutral
Materiality: 0.25
Item codes: 3.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Intrusion swaps 90 Series B preferred shares with Streeterville for 198,396 common shares, $99K value
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/736012/000168316826008497/0001683168-26-008497-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/736012/000168316826008497/intrusion_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-26-008497

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