LGL Systems Acquisition Corp. (DFNS) to Combine with IronNet in $927M Deal

LGL Systems Acquisition Corp. (DFNS) to Combine with IronNet in $927M Deal

LGL Systems (NYSE:DFNS) has entered into a definitive agreement to combine with IronNet Cybersecurity at an enterprise value of $926.7 million, or 17.1x its 2021E revenue. IronNet provides an advanced network detection and response (NDR) platform that identifies anomalous network activity during cyberattacks. The combined entity is expected to trade on the NYSE under the
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