Summary by Moomoo AI
On November 18, 2024, Intrusion entered into a privately-negotiated Exchange Agreement with Streeterville Capital, LLC to exchange 68 shares of Series A Preferred Stock for 110,340 shares of common stock. The exchange transaction is valued at $74,800 and is executed under Section 3(a)(9) of the Securities Act of 1933.The Exchange Shares will be delivered via DWAC to Streeterville's designated brokerage account. For Rule 144 purposes, the holding period of the Exchange Shares will include Streeterville's holding period of the Preferred Shares and prior Promissory Notes from March and June 2022. Streeterville has confirmed it will not beneficially own more than 9.99% of Intrusion's outstanding common stock after the exchange.
