Business Context and Reporting Period
Company: Intrusion, Inc. (INTZ)
Filing Type: Form 8-K (Current Report)
Date of Report: March 17, 2025
Reporting Period: Specific event date of March 17, 2025
Key Financial Metrics
This filing reports a specific debt-for-equity transaction rather than periodic financial performance metrics. The filing text does not provide clear values for revenue, profit, cash flow, margins, total debt, or liquidity positions.
| Metric | Value |
|---|---|
| Debt Retired (Principal) | $236,642.64 |
| Common Stock Issued | 228,551 shares |
| Original Note Principal | $5,350,000.00 |
Material Changes
- Debt Reduction: The Company retired a portion of Promissory Note #1 (dated March 10, 2022) owed to Streeterville Capital, LLC.
- Equity Issuance: 228,551 shares of common stock were issued to settle the debt obligation.
- Transaction Status: The specific note obligation of $236,642.64 is now paid in full.
Guidance, Outlook, and Risks
The filing does not contain management commentary, forward-looking guidance, or specific risk factors beyond the standard disclosure of the transaction. The transaction was executed under the exemption from registration requirements afforded by Section 3(a)(9) of the Securities Act of 1933.
Investor Verification Checklist
- Verify the total remaining principal balance of Promissory Note #1 after this partial retirement.
- Confirm the impact of the 228,551 new shares on total outstanding share count and potential dilution.
- Review the full terms of the Exchange Agreement (Exhibit 99.1) for any additional covenants or conditions.
- Check subsequent filings for the status of the remaining $5,113,357.36 of the original note principal.