dMY Technology Group / IronNet
🪦 BankruptTrust Size
$230M
Peak Price
$16.00
Current Price
$0.00
Return
-100.0%
Peak Market Cap
$800M
What Happened
dMY Technology Group, backed by Steph Curry, merged with IronNet Cybersecurity. The deal combined celebrity backing with a former NSA director's company — and still ended in bankruptcy.
dMY Technology Group was a serial SPAC sponsor that attracted celebrity investor Steph Curry. The NBA superstar's involvement generated buzz when the SPAC merged with IronNet Cybersecurity, founded by former NSA Director Keith Alexander.
On paper, it seemed like a strong combination: a marquee celebrity backer, a legendary intelligence chief's cybersecurity company, and a prolific SPAC sponsor.
But IronNet's collective defense platform failed to gain meaningful commercial traction. The technology was complex, the sales cycle long, and established players dominated. Revenue stayed in the low millions while losses mounted.
The stock declined from $16 steadily to zero. IronNet filed for bankruptcy in September 2023, wiping out all equity value including Curry's investment.
Key People
Steph Curry
Celebrity Investor
NBA champion, invested in and promoted the SPAC
Niccolo de Masi
dMY SPAC CEO
Serial SPAC sponsor, former Glu Mobile CEO
Keith Alexander
IronNet Founder
Former NSA Director
Timeline
2021-08-26
SPAC merger brings IronNet public
2021-09-15
Stock peaks at $16
2022-10-01
Financial restatements
2023-09-29
IronNet files Chapter 11 bankruptcy
⭐ Celebrity SPAC
This SPAC featured celebrity involvement — a common pattern during the 2020-2021 mania where famous names lent credibility to blank-check companies.
⚖️ Legal Actions
• Class action lawsuit filed by shareholders
📄 SEC Filings
View all EDGAR filings for dMY Technology Group / IronNet
Risk Scores
Dilution Score
60/100
Insider Profit Index
55/100