INTRUSION INC (INTZ): Unregistered Sales of Equity Securities
INTRUSION INC (INTZ) filed an SEC Form 8-K — Unregistered Sales of Equity Securities. Exhibit 99.1 THE EXCHANGE CONTEMPLATED HEREIN IS INTENDED TO COMPORT WITH THE REQUIREMENTS OF SECTION 3(a)(9) OF THE SECURITIES ACT OF 1933, AS AMENDED. EXCHANGE AGREEMENT This Exchange Agreement (this “Agreement”) is entered into as of November 5, 2026 (the “Effective Date”) by
How this was made
The 30-second read
Why it matters
The transaction increases the float of INTZ, potentially diluting earnings per share and applying modest downward pressure on the stock.
Market read
A small‑cap equity exchange with limited market impact, primarily relevant to INTZ shareholders.
What to watch
Potential tax or regulatory advantages of the DWAC method and any future lock‑up periods for the new shares.
Background
The filing is an SEC Form 8‑K reporting unregistered sales of equity securities under Item 3.02.
Ticker impact
Intrusion Inc. exchanged 90 Series B Preferred shares for 198,396 common shares via a DWAC transaction, as disclosed in an 8‑K filing.
likely slight downward pressure as the market prices the dilution
The filing reveals a new issuance of common stock without cash consideration, increasing share count.
Market effects
Minimal impact on the broader cybersecurity sector; similar small‑cap issuances are routine.
Limited to U.S. markets where INTZ trades.
Low; no broader macro or global implications.
Counterpoint
If the preferred shares were previously undervalued, the exchange could be seen as a positive recapitalization.
Key entities
- companyIntrusion Inc.
Issuer of the common and preferred shares.
- investorStreeterville Capital, LLC
Counterparty receiving the common shares.
