Intrusion Inc. announced that it has entered into entered into private placement subscription agreements to issue 1,348,569 common shares at a price of $1.95 per share for the gross proceeds of $2,629,709.55 and accompanying common stock purchase warrants to purchase 2,697,138 shares of Common Stock and two accompanying Common Stock Purchase Warrants on April 22, 2024. The Common Stock Purchase Warrants will be exercisable at any time following the date of issuance, expire five years following the date of issuance, and have an exercise price of $1.70 per share. None of the shares of Common Stock and shares underlying the Common Stock Purchase Warrants have been registered under the Securities Act of 1933, as amended.