secwatch.observer — SEC 8-K summary
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Issuer:     IronNet, Inc. (—)
CIK:        0001777946
Form:       8-K
Filed at:   2023-10-12T23:59:59+00:00
Accession:  0001193125-23-255052
Event type: other_material
Sentiment:  negative
Materiality: 1.00
Item codes: 1.03, 2.04, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

IronNet files Chapter 11 bankruptcy; lists $32M+ in debt obligations
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1777946/000119312523255052/0001193125-23-255052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1777946/000119312523255052/d549915d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-255052

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