LGL Systems Acquisition Corp.
Completed 2021-08-26- CIK 1777946
- DFNS
- Now IRNT
- IPO 2019-11-12
- $173M trust
- 365 filings
Successfully merged with IronNet Cybersecurity, Inc. • Now trading as IRNT
- IPO Size
- $173M
- raised at the IPO
- Trust
- $173M
- as of 2021-06-30
- Current Status
- Completed
- from its latest filing
- IPO Year
- 2019
- year it listed
Filings, by quarter
365 filings over 20 quarters; violet bars carry a milestone
- 19 Q2: 2 filings
- 19 Q3: 3 filings
- 19 Q4: 29 filings
- 20 Q1: 9 filings
- 20 Q2: 1 filing
- 20 Q3: 1 filing
- 20 Q4: 2 filings
- 21 Q1: 14 filings
- 21 Q2: 22 filings
- 21 Q3: 92 filings
- 21 Q4: 19 filings
- 22 Q1: 20 filings
- 22 Q2: 34 filings
- 22 Q3: 27 filings
- 22 Q4: 32 filings
- 23 Q1: 9 filings
- 23 Q2: 10 filings
- 23 Q3: 12 filings
- 23 Q4: 5 filings
- 24 Q1: 22 filings
- S-1 filed 19 Q2
- IPO 19 Q4
- Definitive agreement 21 Q1
- Completed 21 Q3
SPAC Overview
Where it stands on the road from S-1 to merger
Timeline Progress
About
LGL Systems Acquisition Corp. is a blank-check company seeking to effect a business combination. It intends to focus on businesses in aerospace, defense and communications, particularly businesses that may form an integrated provider of C4ISR-related products and services.
Investment Focus
Aviation, Defense, Communications
Key Information
As the filings state it
- IPO Date
- 2019-11-12
- Total Redemptions
- $160M
- PIPE
- $125M
- Jurisdiction of Incorporation
- Delaware
- SIC
- 6770
- Completion Date
- 2021-08-26
- Merger Target
- IronNet Cybersecurity, Inc.
- SPAC Ticker
- DFNS
- Merged Ticker
- IRNT
Stock Performance
IRNTTrading symbol, and its price at each step since the first trade
| Point | Date | Price | Move |
|---|---|---|---|
| First Trade | 2020-07-22 | $7,007.14 | |
| Current Price | 2021-08-26 | $7,192.86 | +3% |
SPAC Team
The banks on its IPO, and the team as the filings describe it
Underwriters
Extended Team Information
The team is led by Chairman and CEO Marc Gabelli, President John Mega, and CFO Robert “Rob” LaPenta. Its members bring investment-management, aerospace and defense, communications, operating, finance and M&A experience; the sponsor is affiliated with the Gabelli Group and Aston Capital.