IronNet Cybersecurity announced a $1.2 billion agreement Monday with special purpose acquisition company LGL Systems Acquisition Corp. to go public.
The combined company will move forward as IronNet Cybersecurity Inc., and be listed on the New York Stock Exchange under the ticker symbol IRNT. Company officials expect the company to go public by the third quarter of 2021.
IronNet and LGL also have the backing of large institutional investors, including Emles Advisors, Weiss Asset Management, and The Phoenix Insurance Company. Other investors are Bridgewater Associates, ForgePoint Capital, and Kleiner Perkins.
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