Filing Analysis
Securities Offering
Filed Apr 09, 2026
HIGH
Intrusion Inc. entered into a $3.23 million secured note purchase agreement with Streeterville Capital, receiving $3 million in net proceeds. The debt is heavily collateralized by all company assets and intellectual property and includes onerous terms such as a 17.65% balance increase after 90 days.
Red Flags
- Extremely high effective cost of capital including OID and a 17.65% balance step-up.
- First-priority lien on all intellectual property puts the company's core value at risk.
- Daily compounding interest is highly unusual and aggressive.
- Monthly redemption requirements of $250,000 could create significant liquidity pressure starting in late 2026.
- Lender (Streeterville Capital) is known for high-cost financing in the micro-cap sector.
Key Facts
- Original principal amount of $3,230,000 for cash proceeds of $3,000,000 (OID of $210,000).
- Note bears 7% interest per annum, compounded daily, with a 24-month maturity.
- First-priority security interest granted in all assets and intellectual property.
- Automatic 'monitoring fee' increases the outstanding balance by approximately 17.65% after 90 days.
- Monthly redemption rights of up to $250,000 begin six months after issuance.
- Includes a 10% participation right for the investor in future debt or equity financings.
Regulation FD Disclosure
Filed Mar 24, 2026
LOW
Intrusion Inc. (INTZ) announced its financial results for the fiscal year ended December 31, 2025, via a press release on March 24, 2026.
Key Facts
- The filing reports financial results for the fiscal year ended December 31, 2025.
- The disclosure was made under Item 2.02 (Results of Operations and Financial Condition).
- A press release detailing the results was included as Exhibit 99.1.
- The report was signed by Kimberly Pinson, Chief Financial Officer.
Disclaimer: This analysis is generated by AI and is for informational purposes only.
It does not constitute financial advice, investment recommendations, or an offer to buy or sell securities.
Always review the original SEC filings and consult a financial advisor before making investment decisions.