Intrusion Inc. announced that it has entered into a secured promissory note purchase agreement at issue price of $1,000,000 for gross proceeds of $1,000,000 with new individual lender Anthony Scott on January 2, 2024. The note carries an original issue discount of $80,000. The maturity date of note is June 15, 2024.

Interest accrues on the balance of the Note prior to its maturity at a rate of 7.0% per annum, compounded daily.