| Summary Of Reconcile Elements Of The Business Combination |
The following table reconciles the elements of the Merger to the condensed consolidated statement of cash flows for the nine months ended October 31, 2021:
|
|
|
|
| |
| |
|
Recapitalization
and associated
transactions |
|
| |
|
$ |
173,015 |
|
| |
|
|
(159,763 |
) |
Less: fees to underwriters and advisors |
|
|
(9,038 |
) |
Net cash received from Merger recapitalization |
|
|
4,214 |
|
| |
|
|
125,000 |
|
Less: PIPE fees to underwriters and advisors |
|
|
(21,179 |
) |
Net cash received from PIPE Shares and Merger recapitalization |
|
|
108,035 |
|
| |
|
|
(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 October 31, 2021 is summarized as follows:
|
|
|
|
| |
|
|
|
|
IronNet Class A Common Stock outstanding previous to the Merger |
|
|
67,501,813 |
|
Issuance of common stock (exercises of ISOs and warrant) |
|
|
28,734 |
|
Number of Shares issued at the date of the Business Combination ( Recapitalization) |
|
|
|
|
LGL Class A Common Stock outstanding previous to the Merger |
|
|
17,250,000 |
|
Less: Redemption of LGL Class A previous to the Merger |
|
|
(15,928,889 |
) |
Total Class A Shares issued to former LGL shareholders |
|
|
1,321,111 |
|
| |
|
|
3,234,375 |
|
| |
|
|
12,500,000 |
|
Number of Share issued at the Merger |
|
|
17,055,486 |
|
Number of Shares issued (redeemed) following the consummation of the Merger |
|
|
|
|
| |
|
|
1,078,125 |
|
Private Warrants (Exercised) |
|
|
3,188,229 |
|
Public Warrants (Exercised) |
|
|
28,719 |
|
Payments on subscription notes receivable |
|
|
(54,955 |
) |
Shares repurchase related to loan pay-off |
|
|
(107,521 |
) |
Total Shares of Common Stock as of October 31, 2021 |
|
|
88,718,630 |
|
|