Why IronNet Ran Out of Cash, Filed For Chapter 11 Bankruptcy

Firm Seeks 60-Day Marketing, Sale Process to Test Value of Assets, Equity in Market
A "cloud of uncertainty" strained IronNet's cash flows and negatively affected liquidity to the point where the cybersecurity vendor had to begin winding down operations. The firm once valued at $1.2 billion experienced financial and operating difficulties leading up to Thursday's Chapter 11 filing.

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