{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-255052","form_type":"8-K","ticker":null,"cik":"0001777946","company_name":"IronNet, Inc.","filed_at":"2023-10-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.391714+00:00","generated_at":"2026-06-10T00:51:54.490418+00:00","sec_items":["1.03","2.04","5.02"],"event_type":"other_material","sentiment":"negative","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"IronNet files Chapter 11 bankruptcy; lists $32M+ in debt obligations","bullets":["IronNet and subsidiary filed Chapter 11 petitions on Oct 12, 2023 in Delaware.","Outstanding debt includes $7.55M to 3i, $15.475M to C5 affiliates, ~$8.475M to director-lenders, and $500K to Korr Acquisitions.","Bankruptcy filings triggered immediate acceleration of all principal and interest; enforcement stayed by Bankruptcy Code.","Ivona Smith elected as independent director with $30k/month fee; approved by Bankruptcy Court removal provisions.","Company warns trading in its securities is highly speculative; recovery may be zero."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-255052","json":"https://secwatch.observer/filing/0001193125-23-255052.json","markdown":"https://secwatch.observer/filing/0001193125-23-255052.md","text":"https://secwatch.observer/filing/0001193125-23-255052.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1777946/000119312523255052/0001193125-23-255052-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1777946/000119312523255052/d549915d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T00:51:54.490418+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4e9669f949ee7bf03f647a2b77e30bc994b3633c","claim":"IronNet, Inc. reported a default on convertible notes of senior unsecured convertible note in the principal amount of $7,553,333.33 with 3i, LP at not disclosed maturing September 15, 2022.","evidence_excerpt":"including (collectively, the “ Outstanding Indebtedness ”): • the senior unsecured convertible note issued to 3i, LP (“ 3i ”) on September 15, 2022 in the principal amount of $7,553,333.33 and the other transaction documents entered into in connection therewith, including the Securities Purchase Agreement and Registration Rights Agreement dated September 14, 2022; •","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1777946/000119312523255052/0001193125-23-255052-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"senior unsecured convertible note in the principal amount of $7,553,333.33"},{"label":"Counterparty","value":"3i, LP"},{"label":"Rate","value":"not disclosed"},{"label":"Maturity","value":"September 15, 2022"},{"label":"Event","value":"default"}],"fact_type":"debt_financing"},{"claim_id":"d875262cd50ce50ec7c6e17bc906546b43cab2f5","claim":"IronNet, Inc. reported a default on loan of secured promissory notes in the aggregate principal amount of approximately $8,475,000 outstanding as of October 12, 202 with eight lenders including seven directors or entities affiliated with directors at not disclosed maturing not disclosed.","evidence_excerpt":"the secured promissory notes issued in December 2022, April 2023, May 2023 and August 29, 2023 to a total of eight lenders, including seven lenders who are either directors of the Company or entities affiliated with directors of the Company in the aggregate principal amount of approximately $8,475,000 outstanding as of October 12, 2023, and the amended and restated security agreement related thereto","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1777946/000119312523255052/0001193125-23-255052-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"secured promissory notes in the aggregate principal amount of approximately $8,475,000 outstanding as of October 12, 202"},{"label":"Counterparty","value":"eight lenders including seven directors or entities affiliated with directors"},{"label":"Rate","value":"not disclosed"},{"label":"Maturity","value":"not disclosed"},{"label":"Event","value":"default"}],"fact_type":"debt_financing"},{"claim_id":"f9b9d76cb79fc56c20b54f5a1f4b85649f95931b","claim":"IronNet, Inc. reported a default on loan of secured promissory note in the aggregate principal amount of $500,000 outstanding as of October 12, 2023 with Korr Acquisitions Group, Inc. at not disclosed maturing not disclosed.","evidence_excerpt":"the secured promissory note dated July 21, 2023 issued to Korr Acquisitions Group, Inc. in the aggregate principal amount of $500,000 outstanding as of October 12, 2023","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1777946/000119312523255052/0001193125-23-255052-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"secured promissory note in the aggregate principal amount of $500,000 outstanding as of October 12, 2023"},{"label":"Counterparty","value":"Korr Acquisitions Group, Inc."},{"label":"Rate","value":"not disclosed"},{"label":"Maturity","value":"not disclosed"},{"label":"Event","value":"default"}],"fact_type":"debt_financing"},{"claim_id":"d43d389a31275683d3efeb3fe9340336a0e10587","claim":"IronNet, Inc. entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2023-10-12).","evidence_excerpt":"On October 12, 2023 (the \" Petition Date \"), IronNet, Inc. (the \" Company \") and its subsidiary, IronNet Cybersecurity, Inc. (collectively, the \" Debtors \"), filed voluntary petitions (the \" Bankruptcy Petitions \") for reorganization under Chapter 11 of the United States Bankruptcy Code","evidence_source":"SEC 8-K Item 1.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1777946/000119312523255052/0001193125-23-255052-index.htm","confidence":0.9,"family_label":"Distress & Bankruptcy","details":[{"label":"Proceeding","value":"chapter 11"},{"label":"Court","value":"United States Bankruptcy Court for the District of Delaware"},{"label":"Petition","value":"2023-10-12"}],"fact_type":"distress_event"},{"claim_id":"397b893de3","claim":"Ivona Smith was elected as Independent Director at IronNet, Inc..","evidence_excerpt":"On October 10, 2023, Ivona Smith was elected as a director of the Board of the Company, effective upon the filing of the Chapter 11 Cases.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1777946/000119312523255052/0001193125-23-255052-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"elected"},{"label":"Role","value":"Independent Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}