---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-112092"
form_type: "8-K"
ticker: "NOTE"
cik: "0001823466"
company_name: "FiscalNote Holdings, Inc."
filed_at: "2025-05-05T23:59:59+00:00"
generated_at: "2026-05-22T18:29:05.203840+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-112092
- form_type: 8-K
- ticker: NOTE
- cik: 0001823466
- company_name: FiscalNote Holdings, Inc.
- filed_at: 2025-05-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1823466/000119312525112092/0001193125-25-112092-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1823466/000119312525112092/d949734d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-112092
- JSON: https://secwatch.observer/filing/0001193125-25-112092.json
- Plain text: https://secwatch.observer/filing/0001193125-25-112092.txt

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