FiscalNote Announces Sale Of Aicel Technologies, Inc. For $9.65 Million In Total Consideration
FiscalNote Holdings, Inc. Class A common stock (NOTE)
Company Research
Source: Business Wire
Divestiture of Non-Core Asset Further Deleverages Balance Sheet with Gross Cash ConsiderationSimplification Facilitates Further Operating Efficiencies and Overall Profitability by Focusing and Driving Annual Recurring Revenue Through Core BusinessBoard of Directors Continues to Review All Strategic Options Available to the Company to Maximize Shareholder Value WASHINGTON--(BUSINESS WIRE)--FiscalNote Holdings, Inc. (NYSE: NOTE) (“FiscalNote” or the “Company”), a leading AI-driven enterprise SaaS technology provider of policy and global intelligence, today announced the divestiture of its South Korean subsidiary, Aicel Technologies, Inc. (“Aicel”), to a South Korea based-group consisting of Aicel’s current Chief Executive Officer and lead executive as well as a third-party institutional equity investor.Total consideration for the transaction is $9.65 million, consisting of $8.5 million in cash and the assumption of an existing convertible note previously issued by Aicel in 2022, with
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- FiscalNote Holdings, Inc. (NYSE: NOTE) had its price target lowered by analysts at B. Riley from $2.00 to $1.75. They now have a "buy" rating on the stock.MarketBeat
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NOTE
Earnings
- 11/12/24 - Miss
NOTE
Sec Filings
- 11/22/24 - Form S-3
- 11/19/24 - Form 4
- 11/18/24 - Form 144
- NOTE's page on the SEC website