secwatch.observer — SEC 8-K summary
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Issuer:     FiscalNote Holdings, Inc. (NOTE)
CIK:        0001823466
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0001193125-24-248139
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823466/000119312524248139/0001193125-24-248139-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823466/000119312524248139/d877232d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-248139

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