LGL Group Approves Spin-Off of MTronPTI and Holds Shares of IronNet via DFNS SPAC Investment
October 1, 2021
LGL Group, Inc. announced that its board approved a spin-off of its MTronPTI subsidiary, to be submitted to a shareholder vote. In connection with its prior SPAC investment through LGL Systems Acquisition Holding Company, LLC. (DFNS sponsor), LGL received and distributed IronNet (IRNT) shares to shareholders as part of the business combination with IronNet.
- Buyers
- LGL Systems Acquisition Holding Company, LLC. (DFNS sponsor)
- Targets
- MTronPTI subsidiary, IronNet
- Platforms
- LGL Systems Acquisition Holding Company, LLC.
- Industry
- Cybersecurity
- Location
- Florida, United States
- Transaction Type
- Divestiture
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