---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-032683"
form_type: "8-K"
ticker: "NOTE"
cik: "0001823466"
company_name: "FiscalNote Holdings, Inc."
filed_at: "2025-02-24T23:59:59+00:00"
generated_at: "2026-05-26T06:20:46.760200+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FiscalNote to sell Dragonfly and Oxford Analytica to Factiva for $40M cash; amends credit agreement

## Summary
- Sale of Dragonfly Eye and Oxford Analytica to Factiva Ltd. for $40M cash, subject to working capital adjustments.
- Proceeds of ~$27.14M will repay lenders; Credit Agreement Amendment increases liquidity covenant to $25M.
- Closing expected by end of Q1 2025, subject to Austrian competition clearance and other conditions.
- Escrow of $400K for indemnification; bundled contract escrow of $424K for potential contract losses.

## SEC filing metadata
- accession: 0001193125-25-032683
- form_type: 8-K
- ticker: NOTE
- cik: 0001823466
- company_name: FiscalNote Holdings, Inc.
- filed_at: 2025-02-24T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1823466/000119312525032683/0001193125-25-032683-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1823466/000119312525032683/d873195d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-032683
- JSON: https://secwatch.observer/filing/0001193125-25-032683.json
- Plain text: https://secwatch.observer/filing/0001193125-25-032683.txt

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