INTRUSION INC. Files 8-K: Material Agreement, Exhibits
Ticker: INTZ · Form: 8-K · Filed: Jan 7, 2025 · CIK: 736012
| Field | Detail |
|---|---|
| Company | Intrusion Inc (INTZ) |
| Form Type | 8-K |
| Filed Date | Jan 7, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $3.05, $3.0499, $7.5 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, filing-update
TL;DR
INTRUSION INC. signed a material definitive agreement on Jan 6, 2025. 8-K filed.
AI Summary
On January 6, 2025, INTRUSION INC. entered into a Material Definitive Agreement. The filing also includes information regarding Regulation FD Disclosure and Financial Statements and Exhibits. The company is incorporated in Delaware and headquartered in Plano, Texas.
Why It Matters
This 8-K filing indicates a significant new agreement for INTRUSION INC., which could impact its business operations and financial performance.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new risks or opportunities that are not yet fully understood.
Key Numbers
- 001-39608 — Commission File Number (SEC File Number for INTRUSION INC.)
- 75-1911917 — IRS Employer Identification No. (Tax identification for INTRUSION INC.)
Key Players & Entities
- INTRUSION INC. (company) — Registrant
- January 6, 2025 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of Incorporation
- Plano, Texas (location) — Address of Principal Executive Offices
FAQ
What type of material definitive agreement did INTRUSION INC. enter into?
The filing states that INTRUSION INC. entered into a 'Material Definitive Agreement' but does not specify the nature of the agreement in the provided text.
What are the key items reported in this 8-K filing?
This 8-K filing reports on the 'Entry into a Material Definitive Agreement', 'Regulation FD Disclosure', and 'Financial Statements and Exhibits'.
When was the earliest event reported in this filing?
The earliest event reported in this filing occurred on January 6, 2025.
Where is INTRUSION INC.'s principal executive office located?
INTRUSION INC.'s principal executive office is located at 101 East Park Blvd, Suite 1200, Plano, Texas 75074.
What is INTRUSION INC.'s state of incorporation?
INTRUSION INC. is incorporated in Delaware.
Filing Stats: 879 words · 4 min read · ~3 pages · Grade level 11.3 · Accepted 2025-01-07 17:00:10
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value per share INTZ NASDAQ Capit
- $3.05 — (the "Shares") at an offering price of $3.05 per share and 1,806,016 prefunded warra
- $3.0499 — of common stock at a purchase price of $3.0499 for aggregate gross proceeds of $7.5 mi
- $7.5 million — $3.0499 for aggregate gross proceeds of $7.5 million. The prefunded warrants are exercisable
Filing Documents
- intrusion_8k.htm (8-K) — 30KB
- intrusion_ex0401.htm (EX-4.1) — 106KB
- intrusion_ex0501.htm (EX-5.1) — 20KB
- intrusion_ex1001.htm (EX-10.1) — 347KB
- intrusion_ex9901.htm (EX-99.1) — 9KB
- image_001.gif (GRAPHIC) — 2KB
- image_002.jpg (GRAPHIC) — 18KB
- 0001683168-25-000139.txt ( ) — 822KB
- intz-20250106.xsd (EX-101.SCH) — 3KB
- intz-20250106_lab.xml (EX-101.LAB) — 33KB
- intz-20250106_pre.xml (EX-101.PRE) — 22KB
- intrusion_8k_htm.xml (XML) — 4KB
01. Entry into a Material Definitive
Item 1.01. Entry into a Material Definitive Agreement. On January 6, 2025, Intrusion Inc. (the "Company") entered into a Securities Purchase Agreement (the "Purchase Agreement") with a single institutional investor (the "Purchaser") pursuant to which, among other things, the Company agreed to issue and sell to the Purchaser, in a registered direct offering (the "Offering"), 653,000 shares of its common stock (the "Shares") at an offering price of $3.05 per share and 1,806,016 prefunded warrants to purchase up to 1,806,016 shares of common stock at a purchase price of $3.0499 for aggregate gross proceeds of $7.5 million. The prefunded warrants are exercisable immediately at an exercise price of $.0001 per share subject to the Purchaser not being deemed a beneficial owner of greater than 4.99%. The Purchase Agreement contains customary representations, warranties and agreements of the Company and the Purchaser, indemnification obligations of the Company, other obligations of the parties and termination provisions. Pursuant to the Purchase Agreement and separate lock-up agreements, the Company has agreed to certain restrictions on the issuance and sale of shares of the Company's securities, and the Company's directors and officers have agreed to certain restrictions on the sale of the Company's securities, in each case, for a period of 90 days following the date of the Purchase Agreement, own fees and expenses in connection with the Offering. The Company expects to deliver the Shares and prefunded warrants, on or about January 7, 2025 (the "Closing Date") . The Offering is expected to result in net proceeds to the Company of approximately $7.5 million. The Company intends to use the proceeds from the offering for working capital and general corporate purposes. The Offering is being made pursuant to the Company's effective shelf
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On January 6, 2025, the Company issued a press release regarding the transaction described in Item 1.01, a copy of which is attached hereto as Exhibit 99.1 and incorporated herein by reference.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits 4.1 Form of Warrant 5.1 Opinion of Anthony, Linder & Cacomanolis, PLLC 10.1 Securities Purchase Agreement, dated January 6, 2025 99.1 Press Release 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: January 7, 2025 By: /s/ Kimberly Pinson Kimberly Pinson Chief Financial Officer 3