Business Context and Reporting Period
Company: Intrusion, Inc. (INTZ)
Filing Type: Form 8-K (Current Report)
Date of Report: June 6, 2025
Reporting Period: Specific event date of June 6, 2025, with termination effective June 11, 2025.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on the termination of a securities sales agreement.
Material Changes
- Termination of Sales Agreement: The Company terminated the At Market Sales Agreement dated August 5, 2021, with B. Riley Securities, Inc. Termination is effective June 11, 2025.
- ATM Offering Status: Under the associated ATM Prospectus Supplement (effective February 10, 2025), the Company had the capacity to sell up to $50,000,000 of common stock. As of the filing date, no shares have been sold under this supplement.
- Future Intent: The Company does not intend to make any additional sales of common stock under the ATM Offering and expects to terminate the Prospectus Supplement immediately following June 11, 2025.
Guidance, Outlook, and Risks
Management Commentary: Management has confirmed the cessation of the ATM program and the termination of the underlying sales agreement with B. Riley. No forward-looking financial guidance or strategic outlook was provided in this report.
Risks and Contingencies: The filing does not disclose new material risks or contingencies beyond the administrative termination of the sales facility.
Investor Verification Checklist
- Verify the effective date of the Sales Agreement termination (June 11, 2025).
- Confirm that zero shares were sold under the ATM Prospectus Supplement as of June 6, 2025.
- Review the original Sales Agreement (Exhibit 99.1 to the August 11, 2021 8-K) for any termination fees or obligations not explicitly detailed in this summary.
- Monitor subsequent filings to confirm the formal termination of the ATM Prospectus Supplement.