Trust Size
$15M
Peak Price
$87.89
Current Price
$0.00
Return
-91.2%
Peak Market Cap
$1.2B
Price Journey
What Happened
IronNet was a cybersecurity company founded by General Keith Alexander, former director of the NSA, that provided collective defense solutions using AI to detect threats. The company went public via SPAC merger with LGL Systems Acquisition Corp in 2021. IronNet filed for Chapter 11 bankruptcy in October 2023.
LGL Systems Acquisition Corp merged with IronNet in September 2021, trading on its NSA pedigree and collective defense concept. The company never achieved product-market fit, burning through cash while generating minimal revenue. IronNet suspended operations and filed for Chapter 11 in October 2023 after simply running out of money. The bankruptcy filing revealed the company had just $2.6 million in cash.
Timeline
2019-11-04
S-1 Registration Filed
2024-02-22
Last SEC Filing
2023-10-11
Filed for bankruptcy
SEC Filing Details
CIK Number
1777946
Total SEC Filings
365
State of Incorporation
DE
Last Filing Date
2024-02-22
Business Location
Reno, NV
Trust/Asset Size
$15M
Data sourced from SEC EDGAR Company Facts API and EFTS search index.
📄 SEC Filings
View all EDGAR filings for IronNet