FiscalNote sells non-core Aicel Technologies for $9.65M total consideration; uses cash to pay down senior debt

FiscalNote Holdings, Inc.

Total consideration $9.65M: $8.5M cash plus assumption of $1.15M convertible note.
Used $5.3M of cash to retire $5.0M principal and accrued interest on Senior Term Loan.
Aicel contributed ~$2M revenue (1.6% of FiscalNote's GAAP revenue) in last 12 months through June 2024.
Company to provide further financial impact details on Q3 earnings call Nov 12, 2024.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.