Increase Price Target To $17 (From $15); LGL Systems Acquisition Corp. (DFNS) Shares Now Converted To IronNet, Inc.
IronNet (NYSE: IRNT) was featured in a company-sponsored research earnings preview note published by Sidoti & Company, LLC. The report reads, “We now project total shares outstanding of 103 million (we previously estimated 119 million) as redemptions represented about 16 million shares at $10.03 per share, or approximately $160 million in the aggregate proceeds…resulting in gross proceeds of $136.7 million, including $125 million in a private placement that closed in conjunction with the business combination and $11.7 million from a trust account net of funds used to satisfy redemptions.”
To access the full report, visit https://ibn.fm/peKcA
About IronNet, Inc.
Founded in 2014 by GEN (Ret.) Keith Alexander, IronNet Cybersecurity is a global cybersecurity leader that is transforming how organizations secure their networks by delivering the first-ever Collective Defense platform operating at scale. Employing a high number of former NSA cybersecurity operators with offensive and defensive cyber experience, IronNet integrates deep tradecraft knowledge into its industry-leading products to solve the most challenging cyber problems facing the world today. Please visit www.ironnet.com.
About Sidoti & Company, LLC
For over two decades, Sidoti has been a premier provider of independent securities research focused specifically on small and microcap companies and the institutions that invest in their securities, with most of its coverage in the $100 million-$5 billion market cap range. The firm’s approach affords companies and institutional clients a combination of high-quality research, a small- and microcap-focused nationwide sales effort, broad access to corporate management teams, and extensive trading support. Sidoti serves 500+ institutional clients in North America, including many leading managers of portfolios with $200 million to $2 billion of AUM. Sidoti promotes meaningful interaction between issuers and investors through its conferences (www.sidoti.com/events) and the hundreds of non-deal roadshows hosted each year.
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