Intrusion (INTZ) Registration Filing summary

Company overview and business model

• Cybersecurity firm providing advanced threat intelligence and real-time mitigation solutions for enterprises and government entities.

• Maintains a proprietary database tracking over 8.5 billion IP addresses, with a commercial product launched in 2021.

• Distributes products via value-added resellers, managed service providers, and direct sales.

• Customers include U.S. federal, state, and local governments, as well as mid-market to large enterprises.

Financial performance and metrics

• As of August 14, 2024, public float is $6,831,268, with 6,641,525 shares outstanding and 5,117,055 held by non-affiliates.

• Net tangible book value as of June 30, 2024, was $2.8 million, or $0.517 per share.

• After the offering, as-adjusted net tangible book value would be $0.682 per share, with immediate dilution of $0.518 per share to new investors at $1.20 per share.

Use of proceeds and capital allocation

• Net proceeds will be used for general corporate purposes, including debt repayment, working capital, capital expenditures, acquisitions, and investments.

• Management has broad discretion over allocation of proceeds.