secwatch.observer — SEC 8-K summary
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Issuer:     IronNet, Inc. (—)
CIK:        0001777946
Form:       8-K
Filed at:   2023-07-25T23:59:59+00:00
Accession:  0000950170-23-034472
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 2.03, 3.01, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1777946/000095017023034472/0000950170-23-034472-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1777946/000095017023034472/irnt-20230720.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-034472

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer