Hello, Guest!
  • Friday, November 22, 2024

IronNet, LGL Systems Complete Merger; Marc Gabelli Quoted

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.

Both parties first announced the deal in mid-March and McLean, Virginia-based IronNet will start trading on the New York Stock Exchange Friday under the ticker symbol “IRNT,” the special purpose acquisition company said 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.

Video of the Day

Related Articles

CISA Reports Progress on Cyber Threat Responses Due to Collaboration, AI & More Cybersecurity

CISA Reports Progress on Cyber Threat Responses Due to Collaboration, AI & More

Government agencies are seeing more efficient responses and resolutions to cybersecurity issues as a result of a number of strategies, including a focus on collaboration, according to officials from the Cybersecurity and Infrastructure Security Agency. CISA’s David Carroll, who serves as associate director for mission engineering, credits private-public partnerships as the “fuel” of cyber operations and

Fearless Awarded CMS CyberGeek Contract Extension Contract Awards

Fearless Awarded CMS CyberGeek Contract Extension

Baltimore, Maryland-based digital services integrator Fearless will continue to help the Centers for Medicare and Medicaid Services improve the security and privacy of CMS systems and sensitive data under an extension to the CyberGeek contract. Fearless said it will work with Coforma and CivicActions to help the CMS Information Security and Privacy Group build a

DOE CIO Ann Dunkin on Department’s Approach to AI Challenges Artificial Intelligence

DOE CIO Ann Dunkin on Department’s Approach to AI Challenges

Artificial intelligence has presented the U.S. Department of Energy with an opportunity to revolutionize the way it carries out its mission. Ann Dunkin, chief information officer of the DOE, has identified the analysis of climate-focused technologies like solar panels as just one potential benefit. Though new AI technologies could be groundbreaking, there are many security concerns