Why IronNet Plummeted Today

·2-min read
Why IronNet Plummeted Today

One of the more up-and-down stocks in recent months, cybersecurity specialist IronNet (NYSE: IRNT) lost more than 19% of its value on Thursday. The culprit seems to be a new share issue announced that morning by the company. IronNet disclosed in a regulatory filing that it and certain selling shareholders are floating a multifaceted issue of common stock, in addition to warrants to purchase same.

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