Annual report pursuant to Section 13 and 15(d)

Reverse Recapitalization (Tables)

v3.22.1
Reverse Recapitalization (Tables)
12 Months Ended
Jan. 31, 2022
Business Combinations [Abstract]  
Summary Of Reconcile Elements Of The Business Combination

The following table reconciles the elements of the Merger to the consolidated statement of cash flows for the year ended January 31, 2022:

 

 

 

Recapitalization and Associated Transactions

 

Cash (Trust)

 

$

173,015

 

Redemptions

 

 

(159,763

)

Less: fees to underwriters and advisors

 

 

(9,038

)

Net cash received from Merger recapitalization

 

 

4,214

 

Issuance of PIPE Shares

 

 

125,000

 

Less: PIPE fees to underwriters and advisors

 

 

(21,179

)

Net cash received from PIPE Shares and Merger recapitalization

 

 

108,035

 

Less: debt settlement

 

 

(21,266

)

Net proceeds from Merger recapitalization, PIPE Shares and debt settlement

 

$

86,769

 

Summary Of Common Stock Issued Following The Consummation Of The Business Combination

The number of outstanding shares of common stock of the Company as of January 31, 2022 is summarized as follows:

 

Shares by Type

 

Number of Shares

 

IronNet Class A Common Stock outstanding previous to the Merger

 

 

67,502

 

Issuance of common stock (exercise of ISOs and warrant)

 

 

29

 

Number of Shares issued at the date of the business combination (Recapitalization)

 

 

 

LGL Class A Common Stock outstanding previous to the Merger

 

 

17,250

 

Less: Redemption of LGL Class A previous to the Merger

 

 

(15,929

)

Total Class A Shares issued to former LGL shareholders

 

 

1,321

 

LGL Founders Shares

 

 

3,234

 

PIPE Shares

 

 

12,500

 

Number of Share issued at the Merger

 

 

17,055

 

Number of Shares issued (redeemed) following the consummation of the Merger

 

 

 

Earnout Shares

 

 

1,078

 

Private Warrants (Exercised)

 

 

3,188

 

Public Warrants (Exercised)

 

 

29

 

Exercise of ISOs

 

 

158

 

Payments on subscription notes receivable

 

 

(55

)

Shares repurchase related to loan pay-off

 

 

(108

)

Total Shares of Common Stock as of January 31, 2022

 

 

88,876