Intrusion has entered into a 24-month Standby Equity Purchase Agreement (SEPA) with Streeterville Capital on July 3, 2024, allowing the company to sell up to $10 million in common stock. The shares will be purchased at 95% of the lowest daily VWAP during a three-day trading period following each advance notice, subject to certain volume and ownership limitations.The agreement includes several key provisions: a 19.99% ownership cap for Streeterville, mandatory use of 10% of each advance to redeem Series A Preferred Stock, and the company's option to set minimum acceptable prices for sales. Intrusion paid Streeterville a $25,000 structuring fee and a 1% commitment fee on the total amount.The proceeds will primarily support working capital and general corporate purposes. The company maintains full control over the timing and amount of share sales, with no obligation to sell under the agreement. Stockholder approval will be sought for potential issuance exceeding 20% of outstanding shares.

Intrusion has entered into a 24-month Standby Equity Purchase Agreement (SEPA) with Streeterville Capital on July 3, 2024, allowing the company to sell up to $10 million in common stock. The shares will be purchased at 95% of the lowest daily VWAP during a three-day trading period following each advance notice, subject to certain volume and ownership limitations.The agreement includes several key provisions: a 19.99% ownership cap for Streeterville, mandatory use of 10% of each advance to redeem Series A Preferred Stock, and the company's option to set minimum acceptable prices for sales. Intrusion paid Streeterville a $25,000 structuring fee and a 1% commitment fee on the total amount.The proceeds will primarily support working capital and general corporate purposes. The company maintains full control over the timing and amount of share sales, with no obligation to sell under the agreement. Stockholder approval will be sought for potential issuance exceeding 20% of outstanding shares.