Intrusion Inc announced it has entered into the Standby Equity Purchase Agreement to issue common stock for gross proceeds $10,000,000 on July 3, 2024. The transaction includes participation from new investor Streeterville Capital, LLC. The agreement will automatically terminate on the earliest to occur of (i) the 24-month anniversary of the date of the SEPA or (ii) the date on which the Company shall have made full issuances of Advances.

The Company has the right to terminate the SEPA at no cost or penalty upon five (5) trading days? prior written notice to Streeterville, provided that there are no outstanding Advance Notices for which shares of Common Stock need to be issued. The Common Shares issuable hereunder will be made in reliance upon Section 4(a)(2) under the Securities Act of 1933