---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-380190"
form_type: "8-K"
ticker: "NOTE"
cik: "0001823466"
company_name: "FiscalNote Holdings, Inc."
filed_at: "2026-09-02T20:10:21+00:00"
generated_at: "2026-09-02T20:11:30.667698+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.62
calibrated_materiality_score: 0.62
confidence: "high"
source: SEC EDGAR
---

# FiscalNote divests FrontierView to Oxford Economics for up to $9.4M, updates FY2026 guidance

## Summary
- Equity sale closed Aug 27, 2026: $6.4M cash at close plus up to $3.0M earnout tied to ARR targets; $1.0M held in escrow.
- Proceeds used to prepay $4.95M principal and $0.05M interest on MGG term loan; ~$0.6M transaction expenses.
- FY2026 guidance updated to $74-76M revenue and $8-10M adjusted EBITDA, excluding FrontierView; core policy outlook unchanged.
- Pro forma shows non-cash loss on disposal of $1.445M; FrontierView contributed $2.9M subscription revenue in H1 2026.
- Prior sale of Oxford Analytica and Dragonfly for $40M (closed Mar 2025) also reflected in pro forma statements.

## SEC filing metadata
- accession: 0001193125-26-380190
- form_type: 8-K
- ticker: NOTE
- cik: 0001823466
- company_name: FiscalNote Holdings, Inc.
- filed_at: 2026-09-02T20:10:21+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.62
- calibrated_materiality_score: 0.62
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1823466/000119312526380190/0001193125-26-380190-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1823466/000119312526380190/d111500d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-380190
- JSON: https://secwatch.observer/filing/0001193125-26-380190.json
- Plain text: https://secwatch.observer/filing/0001193125-26-380190.txt

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