Intrusion Inc. Files S-1 with SEC

TL;DR

INTRUSION INC. JUST FILED AN S-1. POTENTIAL OFFERING ON THE HORIZON.

AI Summary

Intrusion Inc. filed an S-1 registration statement with the SEC on July 19, 2024, indicating plans to offer securities. The company, formerly known as ODS Networks Inc. and Optical Data Systems Inc., is incorporated in Delaware and headquartered in Plano, Texas. This filing suggests a potential capital raise or public offering.

Why It Matters

This S-1 filing signals Intrusion Inc.'s intention to access public markets, potentially for funding growth or strategic initiatives, which could impact its future operations and investor base.

Risk Assessment

Risk Level: medium — As an S-1 filing, it indicates a potential offering, which carries inherent market and execution risks for the company and investors.

Key Numbers

• 333-280914 — SEC File Number (Identifies the specific SEC registration)
• 0001683168-24-004956 — Accession Number (Unique identifier for the filing)

Key Players & Entities

• INTRUSION INC. (company) — Registrant
• 0001683168-24-004956 (filing_id) — Accession Number
• 20240719 (date) — Filing Date
• 333-280914 (registration_number) — SEC File Number
• 101 East Park Blvd , Suite 1200 Plano , Texas 75074 (address) — Principal Executive Office
• ODS NETWORKS INC (company) — Former Company Name
• OPTICAL DATA SYSTEMS INC (company) — Former Company Name

FAQ

Key Financial Figures

• $0.01 — 9 shares of our common stock, par value $0.01 per share ("common stock"), including (
• $10 million — eed to purchase from the Company, up to $10 million of the Company's shares of common stock
• $1.08 — price of such sales would be less than $1.08 and the number of shares issued would e
• $1 — iliates. Assuming a (i) Market Price of $1.08, (ii) no beneficial ownership limita
• $1.315 — ted sales price of the common stock was $1.315 per share. We are a "smaller reporting
• $1.1 million — ") in the aggregate principal amount of $1.1 million in exchange for $1.0 million to the Com
• $1.0 million — amount of $1.1 million in exchange for $1.0 million to the Company. Under the Promissory No
• $40 thousand — incipal payments to Scott in the amount $40 thousand per week each week prior to its maturit
• $1,100 — of Series A Stock has a stated value of $1,100 and accrues a rate of return on the Sta
• $0.2 million — 7, 2024, the Company agreed to exchange $0.2 million aggregate principal amount of that cert
• $5.4 m — 22, in the original principal amount of $5.4 million, by and between Streeterville Cap
• $9.3 million — 5, 2024, the Company agreed to exchange $9.3 million aggregate principal of the Streetervill
• $100 thousand — Stock with an aggregate stated value of $100 thousand for 32,248 shares of common stock. The
• $3 — uced exercise price of the Warrants was $3.04, which included $0.13 per share that
• $0.13 — the Warrants was $3.04, which included $0.13 per share that is attributable to the p

Filing Documents

• intrusion_s1.htm (S-1) — 365KB
• intrusion_ex0301.htm (EX-3.1) — 84KB
• intrusion_ex0303.htm (EX-3.3) — 76KB
• intrusion_ex0501.htm (EX-5.1) — 17KB
• intrusion_ex1037.htm (EX-10.37) — 194KB
• intrusion_ex1038.htm (EX-10.38) — 75KB
• intrusion_ex2301.htm (EX-23.1) — 2KB
• intrusion_ex107.htm (EX-FILING FEES) — 23KB
• image_001.jpg (GRAPHIC) — 3KB
• image_002.jpg (GRAPHIC) — 7KB
• 0001683168-24-004956.txt ( ) — 1214KB
• intz-20240719.xsd (EX-101.SCH) — 3KB
• intz-20240719_def.xml (EX-101.DEF) — 26KB
• intz-20240719_lab.xml (EX-101.LAB) — 34KB
• intz-20240719_pre.xml (EX-101.PRE) — 22KB
• intrusion_s1_htm.xml (XML) — 3KB

DESCRIPTION OF SECURITIES

DESCRIPTION OF SECURITIES 8 SELLING SECURITY HOLDERS 1 3 PLAN OF DISTRIBUTION 17 LEGAL MATTERS 20 EXPERTS 20 INCORPORATION BY REFERENCE 20 WHERE YOU CAN FIND ADDITIONAL INFORMATION 21 i ABOUT THIS PROSPECTUS This prospectus is part of a registration statement on Form S-1 that we are hereby filing with the Securities and Exchange Commission (the "SEC") using the "shelf" registration process. Under this shelf registration process, the Selling Holders may, from time to time, sell or otherwise distribute the securities offered by them as described in the section titled " Plan of Distribution " in this prospectus. We will not receive any proceeds from the sale by such Selling Holders of the securities offered by them described in this prospectus. Neither we nor the Selling Holders have authorized anyone to provide you with any information or to make any representations other than those contained in this prospectus or any applicable prospectus supplement or any free writing prospectuses prepared by or on behalf of us or to which we have referred you. Neither we nor the Selling Holders take responsibility for, and can provide no assurance as to the reliability of, any other information that others may give you. Neither we nor the Selling Holders will make an offer to sell these securities in any jurisdiction where the offer or sale is not permitted. We may also provide a prospectus supplement or post-effective amendment to the registration statement to add information to, or update or change information contained in, this prospectus. You should read both this prospectus and any applicable prospectus supplement or post-effective amendment to the registration statement together with the additional information to which we refer you in the sections of this prospectus entitled " Where You Can Find Additional Information ." Unless the context otherwise requires, references in this prospectus to "Intrusion," "the Company," "we," "us" and "our" r

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View this S-1 filing on SEC EDGAR