Intrusion Inc. has made a deal with Streeterville Capital to trade preferred stock for debt.

Nov 2, 2026, 8:02 AM ETNew sharesRead the original at SEC EDGAR

Neutral

Intrusion canceled $4 million of debt and estimates its stockholders' equity now exceeds $5 million, helping its Nasdaq listing effort. But the preferred shares carry a 10% yearly return and payment priority, and Nasdaq has not promised more time to meet its $1 share-price rule.

INTZ · Intrusion Inc

AI read · Neutral

The AI's read

The exchange can strengthen the balance sheet and helps Intrusion meet one Nasdaq listing test. It may let the company ask for another 180-day period, but Nasdaq has not promised one. The preferred shares receive a 10% yearly return, rank ahead of common shares for payments, and restrict some company actions. Intrusion still needs to meet the $1 minimum share-price rule and may use a reverse split. These benefits and obligations leave the outlook unchanged.

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