2023年6月16日

風險資本公司承諾51美元注資,以換取亞曆山大離開邁克爾Novinson (MichaelNovinson) 6月16日,2023年獲得批準C5資本擴展的威脅檢測公司IronNet金融生命線取決於退役的四星將軍卸任首席執行官基思·亞曆山大,他創辦的公司。IronNet預計錢用光了,華盛頓特區的風險資本公司提出接受IronNet私人和擴展至多5100萬美元的額外資金,以換取立即命名ex-Houghton》首席執行官和當前站得住腳的董事會成員琳達澤赫公司的新任首席執行官。因此,亞曆山大- ex-NSA主任和美國網絡司令部主管在2014年將不再推出IronNet領導公司(見:IronNet幾乎破產;委員會調查的欺騙)。“資金將是基於管理層變動,債務和優先股協議條款,采取公共措施推進退市和私有化交易,債務重組與現有的筆記持有者和排他性,討論“C5資本寫在一份提交給美國證券交易委員會在周五。IronNet股價上漲0.01美元或7.3%至每股0.15美元周五上午。遠低於2021年8月,當上市公司通過合並一個特殊目的收購公司以12億美元的估值和股票每股13.44美元的價格。IronNet沒有回複信息安全媒體集團的其他評論的請求。新鮮血液在IronNet C5的報價也取決於IronNet減少董事會七個成員的大小,其中三個是提名與風險投資公司進行協商。 Alexander, 71, chairs the board today. The board is stacked with former military officials such as ex-NSA Director Mike McConnell, former Army Vice Chief of Staff Jack Keane, former Director of Naval Intelligence Jan Tighe and U.S. Rep. Mike Rogers, R-Mich. "Funding would be predicated upon the management changes." – C5 Capital The venture capital firm also insisted that current Chief Financial Officer Cameron Pforr be named IronNet's president. Pforr, 59, was president of Fidelis Cybersecurity before becoming IronNet's CFO in September 2022. CEO pick Zecher spent eight years leading Microsoft's worldwide public sector efforts before becoming CEO of HMH and has served on C5 Capital's board since December 2019 (see: IronNet Headed for Crash Amid Layoffs and Co-CEO Exit ). C5 Capital has kept cash-strapped IronNet afloat for months. It has extended $13.2 million in convertible debt notes since December as the two sides have negotiated the terms of a take-private transaction. C5 presented to IronNet's board Monday and extended a proposal Tuesday that included up to $13 million in funding prior to the take-private deal closing and up to $38 million post-closing, contingent on hitting milestones. "The company continues to evaluate the proposed transaction with C5 as well as other strategic alternatives," IronNet wrote . "In the absence of additional sources of liquidity, management anticipates that the company's existing cash and cash equivalents and anticipated cash flows from operations will not be sufficient to meet the company's operating and liquidity needs." Driving a Tough Bargain IronNet drastically reduced the size of its workforce to get its financial house in order, going from 316 employees as of Jan. 31, 2022, to just 104 employees a year later. The most significant job cuts took place between September 2022 and November 2022, when IronNet axed 111 employees - or 44% of its workforce - to achieve approximately $20 million in annualized cost savings, according to SEC filings (see: IronNet Lays Off 17% of Staff 10 Months After Going Public ). These cost-cutting efforts have paid dividends. The company's net loss for the fiscal quarter ended April 30 plummeted to $8.1 million, a 75.7% improvement over its $33.2 million net loss in the fiscal quarter ended April 30, 2022. But in the most recent fiscal quarter, IronNet's revenue sank to $6.3 million, down 6% from $6.7 million a year earlier. Under C5's proposal, the venture capital firm will determine how much funding to extend based on weekly reports generated by IronNet detailing its receivables, payables, financial needs and operating requirements. Until IronNet becomes cash flow positive, the company has agreed to give C5 projections of the amount of money needed to fund the company's operations on a month-by-month basis. Before the take-private deal closes, C5 said IronNet would need to appoint new management and board members, restructure its debt and become current on all Securities and Exchange Commission filings. Once C5 Capital becomes the sole owner of IronNet, the company would need to come within 5% of its quarterly sales targets and maintain customer retention above 65% to gain access to additional funds.