---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-034472"
form_type: "8-K"
ticker: null
cik: "0001777946"
company_name: "IronNet, Inc."
filed_at: "2023-07-25T23:59:59+00:00"
generated_at: "2026-06-13T03:17:15.663221+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# IronNet enters $555K secured note with Korr; director resignation creates NYSE audit committee issue

## Summary
- On July 21, 2023, IronNet issued a $555,555 secured promissory note to Korr Acquisitions Group; $55K OID (9.9%), 8% interest.
- Maturity Oct 21, 2023 or 1 business day after full receipt under covered agreements; 3% prepayment premium after Aug 21.
- Director Michael J. Rogers resigned from Board and Audit Committee effective July 20, 2023, reducing Audit Committee to 2 members.
- Non-compliance with NYSE Rule 303A.07(A) requiring at least 3 audit committee members; Company intends to regain compliance promptly.

## SEC filing metadata
- accession: 0000950170-23-034472
- form_type: 8-K
- cik: 0001777946
- company_name: IronNet, Inc.
- filed_at: 2023-07-25T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.01, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1777946/000095017023034472/0000950170-23-034472-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1777946/000095017023034472/irnt-20230720.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-034472
- JSON: https://secwatch.observer/filing/0000950170-23-034472.json
- Plain text: https://secwatch.observer/filing/0000950170-23-034472.txt

## Key facts
- Debt Financings
  IronNet, Inc. incurred loan of $555,555 with Korr Acquisitions Group, Inc. at 8% from July 21, 2023, calculated on an actual/360 basis maturing October 21, 2023.
  - Instrument: loan
  - Principal: $555,555
  - Counterparty: Korr Acquisitions Group, Inc.
  - Rate: 8% from July 21, 2023, calculated on an actual/360 basis
  - Maturity: October 21, 2023
  - Event: incurrence
  source text: On July 21, 2023, IronNet, Inc. (the “ Company ”) entered into a Secured Promissory Note (the “ Note ”) with Korr Acquisitions Group, Inc., a New York corporation, for the sum of $555,555.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1777946/000095017023034472/0000950170-23-034472-index.htm
- Listing & Compliance Notices
  IronNet, Inc. received a nyse noncompliance notice notice regarding audit committee (rules 303A.07(A)).
  - Exchange: nyse
  - Notice: noncompliance notice
  - Deficiency: audit committee
  - Rules: 303A.07(A)
  source text: t of accounting principles, financial statement disclosure, or any issue impacting the Audit Committee. The Company thanks Mr. Rogers for his service on the Board. After giving effect to Mr. Rogers’ resignation, on July 20, 2023 the Audit Committee no longer had three members as required by Section 303A.07(A) of the Listed Company Manual of the New York Stock Exchange (“ NYSE ”). The Company informed the NYSE of the foregoing on July 20, 2023. The Company intends to regain compliance with NYSE Listed Company Manual Section 303A.07(A) promptly.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1777946/000095017023034472/0000950170-23-034472-index.htm
- Executive change
  Michael J. Rogers resigned as Director at IronNet, Inc..
  - Action: resigned
  - Role: Director
  source text: The information regarding Mr. Rogers’ resignation contained in
  evidence_url: https://www.sec.gov/Archives/edgar/data/1777946/000095017023034472/0000950170-23-034472-index.htm
- Material Agreements
  IronNet, Inc. entered into Secured Promissory Note with Korr Acquisitions Group, Inc. valued at $555,555 (effective 2023-07-21).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Korr Acquisitions Group, Inc.
  - Value: $555,555
  - Effective: 2023-07-21
  source text: On July 21, 2023, IronNet, Inc. (the “ Company ”) entered into a Secured Promissory Note (the “ Note ”) with Korr Acquisitions Group, Inc., a New York corporation, for the sum of $555,555.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1777946/000095017023034472/0000950170-23-034472-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.