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Stock impact report

FiscalNote Closes Previously Announced Divestiture of Non-Core Assets to Accelerate Policy-Centric Growth, Enhance Profitability, and Strengthen Balance Sheet

FiscalNote Holdings, Inc. Class A common stock (NOTE) 
Company Research Source: Business Wire
Company Sells Oxford Analytica and Dragonfly to Dow Jones for $40 Million in Total Consideration, Enabling Debt Reduction and Accelerating the Path to Positive Free Cash FlowSale Allows the Company to Focus on Its 4,000+ Global Policy Customers to Drive Product Led Growth and Expand Operating Profitability WASHINGTON--(BUSINESS WIRE)--FiscalNote Holdings, Inc. (NYSE: NOTE), the leading provider of AI-driven policy and regulatory intelligence solutions, today announced it has closed the divestiture of two of its Global Intelligence businesses, Oxford Analytica and Dragonfly, to Dow Jones, a global news and information provider and division of News Corp, for total consideration of $40.0 million.Following customary post-closing adjustments (taxes, fees), net proceeds of approximately $27.1 million will be used to further reduce the Company’s senior term debt by 30.6%, resulting in a net post-closing balance of approximately $61.5 million. Over the last twelve months, the Company has r Show less Read more
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