Author: Mary-Louise Hoffman|| Date Published: August 27, 2021
IronNet, a cybersecurity company founded by U.S. Army veteran Keith Alexander, has completed its merger with LGL Systems Acquisition Corp. after the latter’s stockholders approved the business combination at a special meeting Thursday.
The combined company raised approximately $136.7 million through the transaction, including $125.0 million from a private placement and another $11.7 million from a trust account.
“Amid the backdrop of a series of U.S. presidential-level cybersecurity initiatives — including three recent Executive Orders and a high-profile summit focused on improving cyber resilience across public and private sectors— IronNet is entering the public market at a time of rapidly escalating demand for effective cyber defense,” said Marc Gabelli, Chairman of LGL Systems Acquisition Corp.
Melissa Bischoping, senior director of security and product design research at Tanium, said adopting agentic artificial intelligence and other autonomous…
