Mergers & Acquisitions ·
Intrusion Inc. pays $1.3M to complete acquisition of OW Cyber, securing $1.62M note from Streeterville Capital
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.