Long-Term Growth Plan Funded by $425 Million in Capital
Co-Founder, Chairman & CEO Tim Hwang Will Join Senior Leadership and Company Employees at the New York Stock Exchange to Ring Opening Bell on Thursday, August 4, 2022
Duddell Street Acquisition Corp. (Nasdaq: DSAC) (“Duddell Street”), a publicly-traded special purpose acquisition company, today announced the completion of its business combination (the “Business Combination”) with FiscalNote Holdings, Inc. (“FiscalNote”), a leading AI-driven enterprise SaaS company that delivers legal and regulatory data and insights.
In connection with the completion of the Business Combination, FiscalNote’s Class A common stock and warrants are expected to commence trading on the New York Stock Exchange on Monday, August 1, 2022 under the ticker symbols “NOTE” and “NOTE WS,” respectively. Subsequently, FiscalNote’s Co-Founder, Chairman and CEO, Tim Hwang, will ring the NYSE Opening Bell at 9:30 a.m. ET, Thursday, August 4, 2022 alongside senior leaders and employees of the company in a celebration of FiscalNote’s public trading debut. A live feed of the Bell Opening can be found at www.nyse.com/bell.
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“We are excited to enter the public markets following the successful conclusion of this transaction. A new chapter for FiscalNote is about to begin, and we could not be more enthusiastic about what’s to come,” said Tim Hwang, Co-Founder, Chairman and CEO of FiscalNote. “Becoming a public company will enhance and accelerate our growth strategy which super-serves our global customers with excellence through our world-class suite of results-oriented solutions. We remain focused on strengthening our ability to execute on near-and long-term organic and inorganic growth opportunities – with a special emphasis on the rapidly-expanding market of regulated industries of the future. Our success will be guided by mission, purpose, and continued innovation, while the essential nature of what FiscalNote offers will remain steadfastly durable and essential in a world where change and uncertainty are the only constant. We are more committed than ever to providing lasting value to our customers, our partners, and our shareholders.”
“We are pleased to complete our Business Combination with FiscalNote, and we are very excited about FiscalNote’s future as both a market leader and category creator,” said Manoj Jain, CEO of Duddell Street, and Co-Chief Investment Officer of Maso Capital. “FiscalNote’s exceptional track record of organic and inorganic growth – powered by its product innovation and strategic M&A plan – will enable the company to further disrupt and revolutionize the marketplace with its strategy of turning data and advisory-driven insights into action. There was no question of FiscalNote’s essential value to companies and organizations around the world when we first announced our agreement in November last year. Now, in a climate of increasing geopolitical uncertainty and market volatility, its mission and purpose are needed more than ever, and continues to deliver tremendous value and positive results for thousands of global customers. We are confident that the company’s strong business fundamentals and go-forward strategy provide excellent prospects for continued growth. We look forward to partnering with FiscalNote and its experienced management team as they officially enter the public markets.”