FiscalNote Announces Sale of Board.Org Community Engagement Platform for up to $103 Million in Total Consideration [Yahoo! Finance]
FiscalNote Holdings, Inc. Class A common stock (NOTE)
Company Research
Source: Yahoo! Finance
FiscalNote Enters 2024 with a Focused AI Product Strategy to Drive Long-Term Growth in Policy and Global Intelligence WASHINGTON, March 12, 2024 BUSINESS WIRE FiscalNote Holdings, Inc. (NYSE: NOTE), a leading AI-driven enterprise SaaS technology provider of policy and global intelligence, today announced the divestiture of its Board.org business to Executive Platforms, a portfolio company of Falfurrias Capital Partners, for $95 million in cash, subject to customary adjustments, and post-closing earnout opportunities for total consideration of up to $103 million. Board.org represents approximately 10% of FiscalNote's FY 2023 GAAP revenue, reported separately today The resulting proceeds of the divestiture of Board.org provides FiscalNote with a bolstered capital structure, allowing the Company to allocate capital and resources to expand its AI leadership, grow its base of global customers and, over the long-term, drive predictable, high-margin compounding growth in its core policy
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News
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- FiscalNote to Report First Quarter 2024 Financial Results on May 9 [Yahoo! Finance]Yahoo! Finance
- FiscalNote to Report First Quarter 2024 Financial Results on May 9Business Wire
- FiscalNote Launches AI Copilot to Navigate Geopolitical and Regulatory Risk, First in a Series of AI-Powered Copilots to Revolutionize the Legal, Regulatory, and Risk Industries [Yahoo! Finance]Yahoo! Finance
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NOTE
Earnings
- 3/12/24 - Miss
NOTE
Sec Filings
- 5/3/24 - Form 4
- 5/2/24 - Form 144
- 5/2/24 - Form 4
- NOTE's page on the SEC website