Intrusion prices 653,000 shares at $3.05 in registered direct offering

Intrusion (INTZ) entered into a definitive agreement with a single institutional investor for the purchase and sale of 653,000 shares of common stock at a purchase price of $3.05 per share and 1,806,016 prefunded warrants to purchase up to 1,806,016 shares of common stock at a purchase price of $3.0499 per prefunded warrant in a privately negotiated registered direct offering. The prefunded warrants are immediately exercisable at an exercise price of $0.0001 per share of common stock. Aggregate gross proceeds to the Company are expected to be approximately $7.5 million. The transaction is expected to close on or about January 7, 2025. The Company intends to use the net proceeds for general corporate purposes, which may include, but is not limited to, the repayment of existing indebtedness, working capital, capital expenditures, acquisitions and other investments. Anthony, Linder & Cacomanolis, PLLC is acting as U.S securities counsel to the Company.