secwatch.observer — SEC 8-K summary
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Issuer:     FiscalNote Holdings, Inc. (NOTE)
CIK:        0001823466
Form:       8-K
Filed at:   2026-09-02T20:10:21+00:00
Accession:  0001193125-26-380190
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.62
Item codes: 1.01, 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823466/000119312526380190/0001193125-26-380190-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823466/000119312526380190/d111500d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-380190

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