Intrusion (INTZ) Registration Filing summary

Company overview and business model

• Operates as a cybersecurity firm providing advanced threat intelligence and real-time mitigation solutions to government and enterprise clients, leveraging a proprietary database of over 8.5 billion IP addresses.

• Commercial product launched in 2021 after years of serving government entities; distributed via resellers, managed service providers, and direct sales.

• End-user base includes U.S. federal, state, and local government agencies, as well as mid-market to large enterprises.

Financial performance and metrics

• As of September 30, 2024, net tangible book value was $2.4 million, or $0.324 per share.

• After the offering, as adjusted net tangible book value would be $4.3 million, or $0.364 per share, assuming full sale at $0.45 per share.

• 8,713,750 shares of common stock outstanding as of December 16, 2024, with 3,198,083 shares issuable upon exercise of warrants.

Use of proceeds and capital allocation

• Net proceeds from the offering will be used for general corporate purposes, including repayment or refinancing of debt, working capital, capital expenditures, acquisitions, and other investments.

• Management has broad discretion over allocation of proceeds.