Intrusion Inc. announced that it entered into a securities purchase agreement to issue 4,359,374 shares of its common stock at an aggregate offering price of $0.60 per share and warrants for the gross proceeds $2,615,624.4 on November 8, 2023. Each warrant will have an exercise price of $0.60 per share of common stock. As a part of the transaction, the company will pay a placement agent fees of $163,625.

The offering of shares of the Company?s common stock issued upon the exercise of such Warrants and underlying the New Warrants was undertaken pursuant to the exemption from registration provided in Rule 506(b) under Regulation D pursuant to the Securities Act of 1933, as amended.