IronNet, Inc., along with its three affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Delaware on October 12, 2023. The debtor listed its assets in the range of $10 million to $50 million and liabilities in the range of $50 million to $100 million. The debtor is represented by Timothy R. Powell, Kristin L McElroy, Elizabeth Soper Justison, Kenneth J. Enos, and Sean Matthew Beach of Young, Conaway, Stargatt & Taylor as its legal counsel.

The debtor also hire Stretto, Inc as claims, noticing, and solicitation agent.