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IronNet (LGL Systems Acquisition) Priced, Nasdaq: IRNT

Blank check company led by Marc Gabelli targeting the defense industry (completed 8/27/2021).

Industry: SPAC

First Day Return: +0.3%

Industry: SPAC

We are a newly organized blank check company. We have not selected any potential business combination target. While we may pursue an initial business combination target in any industry or geographic location, we intend to focus our search on companies in the aerospace, defense, and communications industries with enterprise valuations in the range of $350 million to $1 billion. Our sponsor, an entity affiliated with our officers and directors, is in turn affiliated with the Gabelli Group and Aston Capital. Aston Capital, founded and controlled by Bob LaPenta, our Co-Chairman, is a respected investor with a history in our sector of focus. Rob LaPenta, our CFO, is a partner and executive of Aston Capital and The Boundary Group and leads their investment activities. The Gabelli Group has focused on aerospace, defense and communications investments for over 30 years, and its advisory subsidiaries have approximately $3.0 billion currently invested in the industries of focus. Our Co-Chairman and CEO, Marc Gabelli, has extensive business relationships with the various entities constituting the Gabelli Group.
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IronNet (LGL Systems Acquisition) (IRNT) Performance