UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 3.02. Unregistered Sales of Equity Securities.
On May 10, 2024, Intrusion Inc. (the “Company”), and Streeterville Capital, LLC, a Utah Limited Liability Company (“Streeterville”) entered into an Exchange Agreement (the “Exchange Agreement”) whereby, in exchange for 125 shares of Series A Preferred of the Company (the “Preferred Shares”) held by Streeterville, were exchanged for 90,460 shares of Company’s common stock, par value $0.01 per share (the “Exchange Shares”). The value of the Exchange Shares is $137,500. The issuance of the Exchange Shares has been made pursuant to an exemption from registration permitted by Section 3(a)(9) of the Securities Act of 1933, as amended.
The foregoing description of the Amendment is qualified in its entirety by reference to the full text of the Amendment, which
is attached hereto as Exhibit 4.1 and is incorporated herein by reference.
The description of the Exchange Agreement contained herein does not purport to be complete and is qualified in its entirety by reference to the full text of the Exchange Agreement, which is hereby filed as Exhibit 10.1, and is incorporated herein by reference
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit | ||
| No. | Description | |
|
10.1 |
Exchange Agreement dated May 10, 2024, by and between the Registrant and Streeterville Capital, LLC. | |
| 104.1 | Cover Page Interactive Data File - the cover page XBRL tags are embedded with 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: May 16, 2024 | By: | /s/ Kimberly Pinson |
| Kimberly Pinson | ||
| Chief Financial Officer | ||
| 3 |