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Duddell Street Acquisition Corp. and FiscalNote Complete Business Combination

Retrieved on: 
Friday, July 29, 2022
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HONG KONG and WASHINGTON, July 29, 2022 /PRNewswire/ -- Duddell Street Acquisition Corp. (Nasdaq: DSAC) ("Duddell Street"), a publicly-traded special purpose acquisition company, today announced the completion of its business combination (the "Business Combination") with FiscalNote Holdings, Inc. ("FiscalNote"), a leading AI-driven enterprise SaaS company that delivers legal and regulatory data and insights.

Key Points: 
  • Davis Polk & Wardwell LLP served as legal advisor to Duddell Street, and Paul Hastings LLP served as legal advisor to FiscalNote.
  • About Duddell Street Acquisition Corp.
    Duddell Street Acquisition Corp. was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar Business Combination with one or more businesses.
  • In connection with the Business Combination, Duddell Street has filed relevant materials with the SEC, including a registration statement on Form S-4, which includes a proxy statement/prospectus of Duddell Street, which was declared effective by the SEC on July 1, 2022, and will file other documents regarding the Business Combination with the SEC.
  • Duddell Street's shareholders and other interested persons are advised to read the definitive proxy statement and documents incorporated by reference therein filed in connection with the Business Combination, as these materials contain important information about FiscalNote, Duddell Street and the Business Combination.

Duddell Street Acquisition Corp. Shareholders Approve Business Combination with FiscalNote Holdings, Inc.

Retrieved on: 
Wednesday, July 27, 2022
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HONG KONG and WASHINGTON, July 27, 2022 /PRNewswire/ -- Duddell Street Acquisition Corp. (Nasdaq: DSAC) ("Duddell Street"), a publicly-traded special purpose acquisition company, announced today that its shareholders of record as of June 23, 2022, have voted to approve the previously proposed business combination (the "Business Combination") with FiscalNote Holdings, Inc. (the "Company")at Duddell Street's extraordinary general meeting of shareholders (the "Special Meeting") held earlier today.

Key Points: 
  • HONG KONG and WASHINGTON, July 27, 2022 /PRNewswire/ -- Duddell Street Acquisition Corp. (Nasdaq: DSAC) ("Duddell Street"), a publicly-traded special purpose acquisition company, announced today that its shareholders of record as of June 23, 2022, have voted to approve the previously proposed business combination (the "Business Combination") with FiscalNote Holdings, Inc. (the "Company")at Duddell Street's extraordinary general meeting of shareholders (the "Special Meeting") held earlier today.
  • 92.5% of the votes cast at the Special Meeting were in favor of the approval of the Business Combination, and the other proposals presented at the Special Meeting were also approved by the Duddell Street shareholders.
  • As a result of the Business Combination, at closing, FiscalNote will combine with Duddell Street and the combined company's name will be "FiscalNote Holdings, Inc.".
  • About Duddell Street Acquisition Corp.
    Duddell Street Acquisition Corp. was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

FiscalNote Announces First Quarter 2022 Financial Results, Delivering Strong Performance and Continued Momentum

Retrieved on: 
Monday, May 23, 2022
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WASHINGTON, May 23, 2022 /PRNewswire/ -- FiscalNote Holdings, Inc. ("FiscalNote"), a leading technology provider of global policy and market intelligence, today announced financial results for the first quarter ended March 31, 2022, which demonstrate the company's continued successful execution of its strategic plan enabling durable organic growth, best-in-class margins, strong recurring revenue model, accelerated product innovation, and a continued path to profitability. 

Key Points: 
  • "This performance underscores the confidence in our ability to drive revenue growth and earnings improvement as the company grows to achieve operating scale."
  • "FiscalNote continues to harness the incredible momentum and opportunities generated by its 2021 M&A efforts.
  • FiscalNote expects organic Run-Rate Revenue[2] growth to accelerate to 25-30% by the end of 2022.
  • First Quarter 2022 Operational & Customer Highlights:
    Major geopolitical uncertainty and regulatory action has driven accelerated growth and product innovation in various parts of FiscalNote's business during the quarter.

FiscalNote and Duddell Street Acquisition Corp. Announce Expanded Access to Capital and Further Enhancements to Transaction in Advance of Closing of Business Combination

Retrieved on: 
Monday, May 9, 2022
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WASHINGTON, May 9, 2022 /PRNewswire/ -- FiscalNote Holdings, Inc., ("FiscalNote"), a leading AI-driven enterprise SaaS company that delivers legal and regulatory data and insights, and Duddell Street Acquisition Corp. ("Duddell Street" or "DSAC") (Nasdaq: DSAC), a publicly-traded special purpose acquisition company, today announced FiscalNote's signing of a commitment letter for a significantly upsized credit facility, with Runway Growth Capital, ORIX Growth Capital, and Atalaya Capital Management, providing for up to $250 million in senior debt funding, as well as enhancements to the Business Combination Agreement such as the establishment of a bonus pool for non-redeeming DSAC shareholders.

Key Points: 
  • "It's a strong validation from leading financial partners who share a deep confidence in our global mission, growth plan, and business proposition.
  • We look forward to leveraging this facility to execute our growth strategy, lower our cost of capital, and drive long-term value."
  • Overall, these enhancements represent responsible and effective financial stewardship of the company through a sustainable and beneficial capital structure."
  • FiscalNote previously announced plans to become a publicly-traded company through a business combination agreement with Duddell Street Acquisition Corp. (Nasdaq: DSAC).

FiscalNote Announces Preliminary Fourth Quarter and Full-Year 2021 Financial Results, Beating Estimates

Retrieved on: 
Thursday, March 10, 2022
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("FiscalNote"), a leading technology provider of global policy and market intelligence, today announcespreliminary financial results for the fourth quarter and full year ended December 31, 2021, which beat prior estimates and demonstrate the company's continued successful execution of its strategic growth plan and a strong, sustained growth outlook.

Key Points: 
  • ("FiscalNote"), a leading technology provider of global policy and market intelligence, today announcespreliminary financial results for the fourth quarter and full year ended December 31, 2021, which beat prior estimates and demonstrate the company's continued successful execution of its strategic growth plan and a strong, sustained growth outlook.
  • "I am incredibly pleased to announce a robust quarter and full year of performance for FiscalNote.
  • Given the strong performance, FiscalNote reaffirms its previous run-rate revenue guidance of $173 million for 2022, a 58% increase over 2021.
  • ET, Thursday, March 10, 2022 to provide an additional overview of FiscalNote's preliminary results for the fourth quarter and fiscal year ended December 31, 2021 and 2022 financial outlook.

Duddell Street Acquisition Corp. and FiscalNote Announce Analyst Day Presentation Concerning Proposed Business Combination

Retrieved on: 
Wednesday, January 26, 2022
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Speakers for the Analyst Day event included: Tim Hwang, CEO & Co-Founder, FiscalNote; Manoj Jain, Chairman & CEO, Duddell Street Acquisition Corp.; Jon Slabaugh, Chief Financial Officer, FiscalNote; Reed Fawell, Chief Revenue Officer, FiscalNote; and Dr. Vlad Eidelman, Chief Scientist and Head of AI Research, FiscalNote.

Key Points: 
  • Speakers for the Analyst Day event included: Tim Hwang, CEO & Co-Founder, FiscalNote; Manoj Jain, Chairman & CEO, Duddell Street Acquisition Corp.; Jon Slabaugh, Chief Financial Officer, FiscalNote; Reed Fawell, Chief Revenue Officer, FiscalNote; and Dr. Vlad Eidelman, Chief Scientist and Head of AI Research, FiscalNote.
  • The previously announced filing of Registration Statement on Form S-4 in connection with the proposed business combination with FiscalNote can be found here .
  • FiscalNote and DSAC anticipate hosting a future, investor-related event prior to the expected completion of the proposed business combination.
  • About Duddell Street Acquisition Corp.
    Duddell Street Acquisition Corp. was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

Duddell Street Acquisition Corp. Announces Filing of Registration Statement on Form S-4 in Connection with its Proposed Business Combination with FiscalNote

Retrieved on: 
Monday, December 6, 2021
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The Registration Statement contains a preliminary proxy statement and prospectus in connection with the proposed business combination.

Key Points: 
  • The Registration Statement contains a preliminary proxy statement and prospectus in connection with the proposed business combination.
  • While the Registration Statement has not yet become effective and the information contained therein is subject to change, it provides important information about FiscalNote and the proposed business combination withDuddell Street.
  • Upon completion of the proposed business combination, FiscalNote's Class A common stock is expected to be publicly listed under the ticker symbol "NOTE."
  • For additional information on the proposed business combination, see Duddell Street 's Current Report on Form 8-K filed with the SEC on November 8, 2021.