debt
confidence high
sentiment neutral
materiality 0.40
IronNet, Inc.: debt financing — IronNet issues $475K secured convertible note to CEO Keith Alexander
IronNet, Inc.
- Issued secured convertible promissory note of $475,000 to founder, CEO, and Chairman GEN Keith B. Alexander.
- Note has same terms (interest, maturity, conversion) as prior notes issued to board members and C5 affiliate.
- Obligations secured by substantially all assets, excluding intellectual property.
- Shares issuable upon conversion exempt from registration under Section 4(a)(2) of the Securities Act.