Duddell Street Acquisition called a July 27 meeting for shareholders to vote on the proposed mnerger with FiscalNote, an AI-driven enterprise SaaS company that delivers legal and regulatory data and insights. The S_PAC also said iuts Form S-4 on the deal has been declared effective by the SEC.
If approved, FiscalNote will listed on the NYSE under the new ticker symbol NOTE.
Assuming no redemptions, the transaction will provide approximately $275 million of gross proceeds to the combined company. The deal would give the merged enterprise a pro forma market capitalization of approximately $1.3 billion. The transaction includes a bonus pool of 10 million shares for non-redeeming stockholders.
FiscalNote also has a commitment for a crdit facility of up to $250 million would come from Runway Growth Capital, ORIX Growth Capital, and Atalaya Capital Management. Read more.
