Intrusion | 8-K: Current report
Intrusion | 8-K: Current report
Intrusion | 8-K：重大事件
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On May 30, 2024, Intrusion Inc. entered into an Exchange Agreement with Streeterville Capital, LLC. The company agreed to exchange 339 shares of Series A Preferred Stock for 243,725 shares of common stock. The fair value of the exchange is $372,900.The issuance of the Exchange Shares is exempt from registration requirements under Section 3(a)(9) of the Securities Act of 1933. Intrusion affirms that for Rule 144 purposes, the holding period of the Exchange Shares will include Investor's holding period of the Preferred Shares and two prior Promissory Notes from March and June 2022.The Exchange Shares are issued in substitution and exchange for, not in satisfaction of, the Preferred Shares. Intrusion confirms it has not received any consideration for entering into this agreement other than the surrender of the Preferred Shares. The agreement includes provisions for governing law, dispute resolution, and potential attorney fees in case of litigation.
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