IronNet

Closed (deSPAC)

founded 2014

What it is: Founded in 2014 by GEN (Ret.) Keith Alexander, IronNet, Inc
What it’s doing now: Merging with LGL Systems Acquisition Corp. (DFNS) — closed (despac).
What you should know: The deal carries a $125M minimum-cash condition — heavy redemptions can break it.

The business, per its filings

SEC primary

Founded in 2014 by GEN (Ret.) Keith Alexander, IronNet, Inc. (NYSE: IRNT) is a global cybersecurity leader that is transforming how organizations secure their networks by delivering the first-ever Collective Defense platform operating at scale. Employing a number of former NSA cybersecurity operators with offensive and defensive cyber experience, IronNet integrates deep tradecraft knowledge into its industry-leading products to solve the most challenging cyber problems facing the world today. For more information, visit www.ironnet.com.

What the company says about itself

Web research — not audited

IronNet, Inc. is a cybersecurity company providing a Collective Defense platform and network detection and response (NDR) products. Its offerings include IronDefense (NDR), IronDome (Collective Defense integration), Dome (automated cyber defense), Overwatch (24/7 NDR services), and IronRadar (C2 threat intelligence feed). The platform enables organizations to detect threats, share anonymized threat intelligence in real time, and stop attacks collaboratively across critical industries such as financial services, defense, healthcare, public sector, and energy & utilities.

Markets:: Financial Services | Defense | Healthcare | Public Sector | Energy & Utilities | Enterprise | Government
Products:: Defense | Dome | Overwatch | IronRadar | IronDome | Collective Defense Platform | IronDefense
Customers:: Southern Company

What our web check found

[WEB-INTEL 2026-08-26] 3 finding(s) · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The transaction results in gross proceeds of approximately $136.7 million to IronNet, which includes cash from LGL's former trust account and ..." [https://www.ironnet.com/news/ironnet-completes-business-combination-with-lgl-systems-acquisition-corp] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Deal Size, $M $1,193.20M." [https://www.spacresearch.com/symbol/DFNS.U] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Closing Date Aug 26, 2021." [https://www.spacresearch.com/symbol/DFNS.U]

Source: https://www.ironnet.com/ · captured Aug 26, 2026 · marketing claims are reported as claims, never merged into the filed figures above.

The deal it’s entering

IronNet is merging with LGL Systems Acquisition Corp. (DFNS) currently marked Closed (deSPAC).

Headline equity value	—
PIPE	≈ $125M · unsourced
Minimum cash to close	$125M

Structure per SEC accession(s) 0001193125-21-161945, 0000950170-23-032607. How to read these numbers: headline vs effective valuation · what a definitive agreement commits

What exactly is being valued, and at what

Common questions

Is IronNet going public?

IronNet has an approved merger with the SPAC LGL Systems Acquisition Corp. (DFNS). Deal status: Closed (deSPAC).

Does IronNet have revenue?

The filings we've parsed don't state a usable revenue figure yet; this profile is updated as new documents land.

Educational content, not investment advice.