| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | IRNT | Common Stock | Award | +6.7M | 6.7M | Aug 26, 2021 | By LLC | F1, F2, F3, F4 |
| Id | Content |
|---|---|
| F1 | Received on August 26, 2021 pursuant to the Agreement and Plan of Reorganization and Merger, dated as of March 15, 2021, as amended by Amendment No. 1 to Agreement and Plan of Reorganization and Merger, dated as of August 6, 2021 (the "Merger Agreement"), by and among LGL Systems Acquisition Corp. ("LGL"), LGL Systems Merger Sub Inc., a Delaware corporation and wholly owned subsidiary of LGL, and IronNet Cybersecurity, Inc., a Delaware corporation (the "Business Combination"). |
| F2 | Received in the Business Combination in exchange for an aggregate of 8,230,470 shares of IronNet Cybersecurity, Inc. on an as-converted to common stock basis. |
| F3 | These shares are held by C5 Partners LLC (the "LLC"). The LLC may also receive, as additional merger consideration, 94,377 shares of the Issuer's common stock if the volume weighted average share price of the Issuer's common stock equals or exceeds $13.00 for ten consecutive days during the two year period following the closing of the Business Combination. |
| F4 | The Reporting Person, together with Messrs. William Kilmer and James Coats, are the directors of C5 Investors General Partner Limited, who acts on behalf of C5 Investors LP, the sole manager of the LLC. C5 Capital Limited is the investment manager of C5 Investors LP and exercises voting, investment and dispositive rights with respect to the shares of stock held by the LLC. The Reporting Person is the CEO and a director of C5 Capital Limited together with William Kilmer and Linda Zecher. The Reporting Person disclaims beneficial ownership of the shared held by the LLC except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose. |