DSAC - DSAC STOCK NEWS

Duddell Street Acquisition Corp. (Nasdaq: DSAC) announced the approval of its business combination with FiscalNote Holdings, Inc. by 92.5% of shareholders at a special meeting held on July 27, 2022. The business combination is set to close on July 29, 2022, with the new company named "FiscalNote Holdings, Inc." The Class A common stock and warrants are expected to start trading on the New York Stock Exchange under the symbols "NOTE" and "NOTE WS" on August 1, 2022. FiscalNote provides global policy and market intelligence using AI technology.

Duddell Street Acquisition Corp. (DSAC) announced that the SEC has declared effective its registration statement related to the proposed business combination with FiscalNote, a leading AI-driven enterprise SaaS company. The extraordinary general meeting for shareholders is set for July 27, 2022, to approve the merger. Duddell Street encourages stockholders to vote "FOR" the proposals, as approximately 38% of its shares are already committed in favor. The transaction is expected to close shortly after approval, allowing FiscalNote to trade under the ticker symbol "NOTE" on the NYSE.

FiscalNote has secured up to $250 million in senior debt funding from Runway Growth Capital, ORIX Growth Capital, and Atalaya Capital Management. This funding will drive growth through investments in go-to-market capabilities and M&A strategy, while refinancing existing debt. Additionally, enhancements to the Business Combination Agreement with Duddell Street Acquisition Corp. (DSAC) include a bonus pool for non-redeeming shareholders and expanded earnout opportunities for equity holders. FiscalNote reaffirms its FY2022 revenue growth targets.

FiscalNote Holdings, Inc. is set to trade on the NYSE under the symbol NOTE following its business combination with Duddell Street Acquisition Corp (DSAC). The transaction aims to enhance FiscalNote's capital efficiency and innovation capabilities. Anticipated for Q2 completion, this merger will see Duddell Street de-list from Nasdaq. The listing is subject to NYSE approval, and regulatory processes are ongoing. This marks a significant step in FiscalNote's growth strategy, aiming to expand its AI-driven legal and regulatory data services.

FiscalNote Holdings Inc. reports strong preliminary financial results for Q4 and FY2021, exceeding estimates. Run-rate revenue increased by 69% YoY to $109M, surpassing the $108M forecast, while Q4 net revenue retention was 98.2%. The company reaffirms 2022 revenue guidance of $173M, a 58% increase from 2021, and expects organic growth of 25-30%. Several strategic acquisitions enhance its market position. FiscalNote aims for positive adjusted EBITDA by 2023 and is set to merge with Duddell Street Acquisition Corp. (DSAC) to become publicly traded.

Duddell Street Acquisition Corp (Nasdaq: DSAC) held a virtual Analyst Day on January 25, 2022, discussing its proposed business combination with FiscalNote Holdings, Inc., an AI-driven enterprise SaaS company. Key topics included transaction details, FiscalNote's technology, M&A strategies, and financial summaries. All materials from the event are available on the SEC website. The business combination is expected to complete in Q1 2022, subject to SEC approval and shareholder votes. Post-combination, FiscalNote's stock is anticipated to trade under the symbol 'NOTE.'

FiscalNote has announced the acquisition of Aicel Technologies, a Seoul-based alternative data company, aimed at enhancing its capabilities in the fintech sector. The deal is expected to close in Q1 2022, pending regulatory approvals. Aicel, founded in 2016, offers unique datasets and services powered by advanced technology. The acquisition aligns with FiscalNote's 2021 growth targets, enhancing its market penetration and customer base across Asia-Pacific and other regions. FiscalNote anticipates significant revenue growth, leveraging Aicel's established partnerships in alternative data.

Duddell Street Acquisition Corp. (Nasdaq: DSAC) has filed a registration statement with the SEC for its proposed merger with FiscalNote Holdings, a leader in AI-driven enterprise SaaS for legal and regulatory data. The filing includes a preliminary proxy statement and is a critical step toward the completion of the merger, anticipated in Q1 2022, pending SEC approval and shareholder consent. Following the merger, FiscalNote's stock will trade under the ticker symbol 'NOTE'. The CEO expressed optimism about synergies and growth prospects from this strategic combination.

FiscalNote Holdings has announced a definitive agreement to merge with Duddell Street Acquisition Corp (DSAC) to become publicly traded on Nasdaq under the ticker 'NOTE'. The combined entity will have a pro forma market capitalization of approximately $1.3 billion. FiscalNote employs advanced AI and machine learning technologies to provide regulatory insights and data to over 3,000 clients including major companies and government entities. The deal is expected to close in Q1 2022, with pro forma revenue estimates and significant growth opportunities in the evolving regulatory landscape.