On July 3, 2024, Intrusion entered into a Standby Equity Purchase Agreement (SEPA) with Streeterville Capital, allowing the company to sell up to $10 million of common stock over 24 months. The agreement provides Intrusion with flexible funding options, with shares priced at 95% of the lowest daily VWAP during a 3-day period following an Advance Notice.Under the SEPA, Intrusion can issue Advance Notices to sell shares, subject to volume limitations and a 19.99% beneficial ownership cap for Streeterville. The company will use 10% of each Advance to redeem outstanding Series A Preferred Stock. Intrusion paid Streeterville a $25,000 structuring fee and a 1% commitment fee on the $10 million total.Intrusion plans to use the proceeds primarily for working capital and general corporate purposes. The agreement includes provisions for stockholder approval to exceed the 19.99% issuance limit under Nasdaq rules. Intrusion retains the right to terminate the SEPA with five days' notice, providing financial flexibility without long-term commitments.

On July 3, 2024, Intrusion entered into a Standby Equity Purchase Agreement (SEPA) with Streeterville Capital, allowing the company to sell up to $10 million of common stock over 24 months. The agreement provides Intrusion with flexible funding options, with shares priced at 95% of the lowest daily VWAP during a 3-day period following an Advance Notice.Under the SEPA, Intrusion can issue Advance Notices to sell shares, subject to volume limitations and a 19.99% beneficial ownership cap for Streeterville. The company will use 10% of each Advance to redeem outstanding Series A Preferred Stock. Intrusion paid Streeterville a $25,000 structuring fee and a 1% commitment fee on the $10 million total.Intrusion plans to use the proceeds primarily for working capital and general corporate purposes. The agreement includes provisions for stockholder approval to exceed the 19.99% issuance limit under Nasdaq rules. Intrusion retains the right to terminate the SEPA with five days' notice, providing financial flexibility without long-term commitments.