Mergers & Acquisitions ·
Intrusion Inc. consummated the second closing of its acquisition of OW Cyber LLC (formerly VigilAigent Corp)…
INTZIntrusion Inc
Intrusion Inc. consummated the second closing of its acquisition of OW Cyber LLC (formerly VigilAigent Corp), obtaining 100% ownership by paying $1,300,000 in cash. This transaction was funded through a $1,615,000 secured promissory note issued to Streeterville Capital, LLC, yielding net proceeds of approximately $1,490,000 after original issue discount and expenses. The debt bears 7% annual interest, matures on August 28, 2028, and is secured by all company assets and intellectual property, with OW Cyber providing a guarantee. The acquisition was enabled by stockholder approval at the August 27, 2026 Annual Meeting for Nasdaq Rule 5635 compliance regarding equity issuances exceeding 19.9% of outstanding shares. Intrusion Inc. operates in the cybersecurity industry.