Summary by Moomoo AI
Intrusion Inc. executed a series of privately-negotiated agreements with Streeterville Capital LLC between December 30, 2024, and January 3, 2025, exchanging a total of 8,867 Series A Preferred shares for approximately 3.16 million common shares. The total fair value of these exchanges amounts to $9.75 million.The company also reported progress on its ATM program managed by B. Riley Securities. For the twelve months ended December 31, 2024, Intrusion received approximately $9.8 million net proceeds from common stock sales. Since the program's inception, the company has raised $22 million net of fees through the sale of 7.5 million shares.Following these transactions and ATM program sales, Intrusion's total outstanding common shares reached 16,885,394 as of January 3, 2025. The company remains subject to Form S-3 offering limits, with aggregate proceeds capped at $15 million.
