FiscalNote sells Australian subsidiary TimeBase for $6.5 million to Thomson Reuters

FiscalNote Holdings, Inc.

FiscalNote entered a definitive agreement to sell TimeBase to Thomson Reuters (TRI) for $6.5 million cash.
Proceeds will retire approximately $3.2 million in principal and accrued interest under the credit agreement.
Company reaffirms FY2025 guidance: total revenues $94-$100 million and adjusted EBITDA $10-$12 million.
TimeBase contributed about $1.3 million of FiscalNote's $120.3 million total GAAP revenue for 2024.
Credit agreement amendment modifies minimum ARR and EBITDA add-backs to reflect the sale.

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