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Why IronNet Plummeted Today

TheMotleyFool

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Why IronNet Plummeted TodayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Marc Adamus: https://img.theapi.app/temp/ec495607-1e17-40ee-a41d-7726313a9707.png

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.

Image source: Getty Images.

Source Fool.com

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