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Cyber firm IronNet finds buyer to take it public -- Washington Technology

By Ross Wilkers
Mar 15, 2021
IronNet Cybersecurity, a company founded and led by retired Army Gen. Keith Alexander, has agreed to be taken public through a merger with blank check company LGL Systems Acquisition Corp.
McLean, Virginia-based IronNet will list on the New York Stock Exchange and trade under the ticker symbol “IRNT” upon the deal’s completion, which is anticipated in the third quarter.
The new company expects to receive approximately $267 million in net proceeds from the transaction and is seeking a $1.2 billion overall valuation, IronNet said Monday.
IronNet was started in 2014 by Alexander, the former director of the National Security Agency and head of U.S. Cyber Command. The company focuses on cybersecurity solutions for defense and other customers. ....

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