IronNet Cybersecurity to Go Public in Merger
Company intends for the deal to drive adoption of its Collective Defense Platform.
IronNet has announced plans to go public in a $1.2 billion agreement with special purpose acquisition company LGL Systems Acquisition Corp.
The combined company will be renamed IronNet Cybersecurity Inc. It will be listed on the New York Stock Exchange and trade under the ticker symbol IRNT.
IronNet says the deal will help fuel their growth in the cybersecurity market and drive further market adoption of IronNet's Collective Defense Platform.
Investors include Emles Advisors, Weiss Asset Management, and The Phoenix Insurance Company. Other existing IronNet investors include Bridgewater Associates, ForgePoint Capital, and Kleiner Perkins.
IronNet was founded in 2014 by former NSA and U.S. Cyber Command chief Keith Alexander.
The transaction has been unanimously approved by both the LGL and IronNet boards and is subject to the satisfaction of customary closing conditions.
More details of the deal can be found here.
About the Author
You May Also Like
Transform Your Security Operations And Move Beyond Legacy SIEM
Nov 6, 2024Unleashing AI to Assess Cyber Security Risk
Nov 12, 2024Securing Tomorrow, Today: How to Navigate Zero Trust
Nov 13, 2024The State of Attack Surface Management (ASM), Featuring Forrester
Nov 15, 2024Applying the Principle of Least Privilege to the Cloud
Nov 18, 2024