Intrusion Inc. Reports Unregistered Equity Sales
Ticker: INTZ · Form: 8-K · Filed: Mar 13, 2024 · CIK: 736012
| Field | Detail |
|---|---|
| Company | Intrusion Inc (INTZ) |
| Form Type | 8-K |
| Filed Date | Mar 13, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01, $200,000, $5,350,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: unregistered-sales, equity-securities, filing
TL;DR
INTRUSION INC sold unregistered equity, check for dilution!
AI Summary
Intrusion Inc. filed an 8-K on March 7, 2024, reporting unregistered sales of equity securities. The filing details the company's principal executive offices located at 101 East Park Blvd, Suite 1200, Plano, Texas, 75074, and provides a contact phone number of (888) 637-7770. The report also includes financial statements and exhibits.
Why It Matters
This filing indicates potential dilution for existing shareholders due to the issuance of unregistered equity, which could impact the stock's value.
Risk Assessment
Risk Level: medium — Unregistered sales of equity can lead to dilution and signal potential financial distress or a need for capital, increasing risk for investors.
Key Players & Entities
- INTRUSION INC (company) — Registrant
- 101 East Park Blvd, Suite 1200, Plano, Texas, 75074 (location) — Principal Executive Offices
- (888) 637-7770 (phone_number) — Contact Number
FAQ
What type of equity securities were sold?
The filing states 'Unregistered Sales of Equity Securities' but does not specify the exact type of securities in the provided text.
When was the earliest event reported in this 8-K?
The earliest event reported is March 7, 2024.
What is Intrusion Inc.'s primary business?
Intrusion Inc. is classified under 'COMPUTER COMMUNICATIONS EQUIPMENT' with SIC code 3576.
Where are Intrusion Inc.'s principal executive offices located?
The principal executive offices are located at 101 East Park Blvd, Suite 1200, Plano, Texas, 75074.
What is the Commission File Number for Intrusion Inc.?
The Commission File Number for Intrusion Inc. is 001-39608.
Filing Stats: 475 words · 2 min read · ~2 pages · Grade level 11.6 · Accepted 2024-03-13 08:02:39
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value per share INTZ NASDAQ Capit
- $200,000 — Inc. (the "Company") agreed to exchange $200,000 aggregate principal amount of that cert
- $5,350,000 — 22, in the original principal amount of $5,350,000.00, dated March 10, 2022, by and betwee
Filing Documents
- intrusion_8k.htm (8-K) — 27KB
- intrusion_ex9901.htm (EX-99.1) — 34KB
- 0001683168-24-001445.txt ( ) — 238KB
- intz-20240307.xsd (EX-101.SCH) — 3KB
- intz-20240307_lab.xml (EX-101.LAB) — 33KB
- intz-20240307_pre.xml (EX-101.PRE) — 22KB
- intrusion_8k_htm.xml (XML) — 4KB
02. Unregistered Sales of Equity Securities
Item 3.02. Unregistered Sales of Equity Securities. Pursuant to a privately-negotiated agreement dated March 7, 2024, Intrusion Inc. (the "Company") agreed to exchange $200,000 aggregate principal amount of that certain Promissory Note #1 dated March 10, 2022, in the original principal amount of $5,350,000.00, dated March 10, 2022, by and between Streeterville Capital, LLC, a Utah limited liability company, and the Company for an aggregate of 1,044,932 shares of its common stock, par value $0.01 per share (the "Shares"). The issuance of the Shares is pursuant to the exemption from the registration requirements afforded by Section 3(a)(9) of the Securities Act of 1933, as amended.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. Exhibit No. Description 99.1 Exchange Agreement, dated March 7, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. Intrusion, Inc. Dated: March 13, 2024 By: /s/ Kimberly Pinson Kimberly Pinson Chief Financial Officer 3