secwatch.observer — SEC 8-K summary
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Issuer:     IronNet, Inc. (—)
CIK:        0001777946
Form:       8-K
Filed at:   2024-01-19T23:59:59+00:00
Accession:  0001193125-24-010645
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 1.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IronNet's Chapter 11 plan confirmed; existing common stock to be cancelled
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- Bankruptcy Court confirmed Chapter 11 plan on January 18, 2024.
- All 121.5 million shares of existing common stock to be cancelled on effective date.
- New common equity to be issued to DIP, secured note, and unsecured note claimants.
- Exit facility lenders committed to provide credit facilities for reorganized debtors.
- Plan eliminates material debt and provides working capital for ongoing operations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1777946/000119312524010645/0001193125-24-010645-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1777946/000119312524010645/d673448d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-010645

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