---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-226532"
form_type: "8-K"
ticker: null
cik: "0001777946"
company_name: "IronNet, Inc."
filed_at: "2023-09-01T23:59:59+00:00"
generated_at: "2026-06-11T00:39:44.317143+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# IronNet issues $800K secured notes to directors for payroll and potential bankruptcy costs; director resigns

## Summary
- Issued $800K secured promissory notes at 13.8% to directors Tighe and Dixon for payroll and bankruptcy preparation.
- Proceeds used first for unpaid employee payroll, then up to $100K for potential bankruptcy filing, then D&O tail insurance.
- Notes secured by substantially all assets excluding IP; maturity one year.
- Director Mary Gallagher resigned from Board and Audit Committee effective immediately; no disagreement cited.
- Company discloses severe cash constraints; notes suggest imminent bankruptcy planning.

## SEC filing metadata
- accession: 0001193125-23-226532
- form_type: 8-K
- cik: 0001777946
- company_name: IronNet, Inc.
- filed_at: 2023-09-01T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1777946/000119312523226532/0001193125-23-226532-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1777946/000119312523226532/d535020d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-226532
- JSON: https://secwatch.observer/filing/0001193125-23-226532.json
- Plain text: https://secwatch.observer/filing/0001193125-23-226532.txt

## Key facts
- Debt Financings
  IronNet, Inc. incurred senior notes of $800,000 with VADM Jan E. Tighe (Ret.) and Donald R. Dixon, members of the Company’s board of directors at 13.8% per annum maturing one year after issuance.
  - Instrument: senior notes
  - Principal: $800,000
  - Counterparty: VADM Jan E. Tighe (Ret.) and Donald R. Dixon, members of the Company’s board of directors
  - Rate: 13.8% per annum
  - Maturity: one year after issuance
  - Event: incurrence
  source text: On August 29, 2023, the Company issued secured promissory notes in an aggregate principal amount of $800,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1777946/000119312523226532/0001193125-23-226532-index.htm
- Executive change
  Mary Gallagher resigned as Director at IronNet, Inc..
  - Action: resigned
  - Role: Director
  source text: On August 31, 2023, Mary Gallagher notified the Company of her resignation from the Company’s Board of Directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1777946/000119312523226532/0001193125-23-226532-index.htm
- Material Agreements
  IronNet, Inc. entered into August 2023 Notes with VADM Jan E. Tighe (Ret.) and Donald R. Dixon valued at aggregate principal amount of $800,000 (effective 2023-08-29).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: VADM Jan E. Tighe (Ret.) and Donald R. Dixon
  - Value: aggregate principal amount of $800,000
  - Effective: 2023-08-29
  source text: On August 29, 2023, the Company issued secured promissory notes in an aggregate principal amount of $800,000 (the “ August 2023 Notes ”) to VADM Jan E. Tighe (Ret.) and Donald R. Dixon, members of the Company’s board of directors.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1777946/000119312523226532/0001193125-23-226532-index.htm

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