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IronNet Cybersecurity to go Public in SPAC Merger Deal Valued at $1.2B

Howard County-based IronNet Cybersecurity has plans to go public after a 1.2B merger with LGL Systems Acquisition Corp (NYSE:DFNS), a special purpose acquisition company (SPAC). Following the merger, the business will operate under IronNet's name and will trade on the New York Stock Exchange under the ticker symbol "IRNT." The combined company expects to receive approximately $267M in net proceeds through the deal, including those from a $125 million private investment in public equity (PIPE) transaction. Via Baltimore Business Journal.

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