LGL Systems Acquisition Corp. (DFNS) shares soared 10.89% in after-hours on Thursday, August 26, 2021, and closed the daily trading at $14.25. In the regular trading session on Thursday, DFNS’s stock gained 26.85%. DFNS shares have risen 29.28% over the last 12 months, and they have moved up 28.50% in the past week. Over the past three months, the stock has gained 29.15%, while over the past six months, it has surged 24.15%.
Let’s see what are the latest news about the company
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
Sponsored
>> 7 Top Picks for the Post-Pandemic Economy <<
DFNS shareholder meeting results
On August 26, 2021, LGL Systems Acquisition Corp (DFNS) announced the results for the six proposals considered and voted upon by its stockholders at its special meeting held on August 26, 2021.
- The company announced the approval of all six proposals, including those pertaining to the previously announced merger between LGL and IronNet Cybersecurity, Inc.
-
DFNS also announced that the combined company will be known as IronNet, Inc., with its common stock and warrants expected to trade on the New York Stock Exchange on August 27, 2021, under the ticker symbols “IRNT“ and “IRNT.WS,” respectively. The combined company expects to file a Form 8-K today disclosing the full voting results of the special meeting.
Read More
Background of DFNS merger
On March 15, 2021, IronNet Cybersecurity, Inc. (IronNet), signed a definitive business combination agreement with LGL Systems Acquisition Corp (DFNS).
IronNet expansion in Singapore
On August 12, 2021, IronNet announced that it is making the technology of its flagship Collective Defense solution available to all Singapore enterprises, in its mission to transform cybersecurity through Collective Defense.
>> 7 Top Picks for the Post-Pandemic Economy <<
Conclusion
The DFNS stock surged after its shareholders approved all the proposals, including the merger. Both companies (LGL Systems Acquisition Corp & IronNet) now have merged. So we have to wait and see how the merged company IronNet, Inc (IRNT) commence its trading on Friday.