UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
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| Item 2.04. | Triggering Events that Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement. |
On August 23, 2023, IronNet, Inc. (“the “Company”) received written notice delivered on behalf of 3i, LP (“3i”) pursuant to the senior unsecured convertible note issued to 3i on September 15, 2022 in the principal amount of $7,553,333.33 (the “3i Note”) and the other transaction documents entered into in connection therewith, including the Securities Purchase Agreement and Registration Rights Agreement dated September 14, 2022 (the “3i Transaction Documents”), stating that, among other things, the Company is in purported payment default and purported covenant default under the 3i Note and the 3i Transaction Documents. Pursuant to such written notice, 3i made a demand for payment within five business days of the written notice of amounts purportedly owed to 3i by the Company as a result of such purported defaults. 3i indicated that it intends to pursue some or all of its rights and remedies against the Company if the Company does not repay the purported outstanding obligations under the 3i Note and the other 3i Transaction Documents. Pursuant to the terms of the Company’s other outstanding secured indebtedness for borrowed money, failing to pay the obligations under the 3i Note and the other 3i Transaction Documents as they become due, subject to applicable grace periods, would constitute an event of default under such other outstanding secured indebtedness of the Company.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| IRONNET, INC. | ||||||
| By: | /s/ Cameron D. Pforr | |||||
| Date: August 29, 2023 | Cameron D. Pforr | |||||
| President & Chief Financial Officer | ||||||