Intrusion issues 4,000 preferred shares to Streeterville in exchange for $4 million debt
INTZ•Intrusion agreed to exchange $4 million in secured promissory notes for 4,000 Series B Preferred Stock shares issued to Streeterville Capital. The shares have a stated value of $1,100 each and accrue a 10% annual preferred return.
1. Debt exchanged for shares
On Oct. 29, 2026, Intrusion agreed to exchange $4 million in secured promissory notes for 4,000 Series B Preferred Stock shares issued to Streeterville Capital. The unregistered exchange involves no cash consideration, and the notes will be canceled when the shares are issued. The shares accrue a 10% annual preferred return, payable quarterly in cash or additional Series B shares at Intrusion’s election. They are non-convertible into Common Stock and rank senior to Common Stock for dividends, distributions and liquidation payments.
