IronNet reports plan funding progress and remaining Class 8 reconciliation
IronNet’s post-confirmation administration is now centered on finishing plan distributions, not new DIP financing. After NationalSecurityNews highlighted the company’s post-bankruptcy rebound, the docket-backed update for case followers is that the reorganized debtors told the court they have paid roughly $1.156 million of priority tax claims in full and completed Class 7 distributions for creditors that provided required tax information, according to the June 1 status conference on plan funding and distributions.
The remaining live issue is Class 8: non-trade general unsecured creditors are sharing a $3 million pool, with initial distributions already made on claims the debtors currently view as allowed and reserves held back while claims reconciliation continues. The U.S. Trustee tied the funding source to an $8.5 million loan agreement between C5 and Haven effective no later than April 7, 2026. The next practical milestone is a mid-July claims-objection hearing, after which the debtors intend to seek a final decree closing the case.