---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-248139"
form_type: "8-K"
ticker: "NOTE"
cik: "0001823466"
company_name: "FiscalNote Holdings, Inc."
filed_at: "2024-10-31T23:59:59+00:00"
generated_at: "2026-05-30T07:37:58.357316+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-248139
- form_type: 8-K
- ticker: NOTE
- cik: 0001823466
- company_name: FiscalNote Holdings, Inc.
- filed_at: 2024-10-31T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1823466/000119312524248139/0001193125-24-248139-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1823466/000119312524248139/d877232d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-248139
- JSON: https://secwatch.observer/filing/0001193125-24-248139.json
- Plain text: https://secwatch.observer/filing/0001193125-24-248139.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.