FiscalNote went public via a SPAC merger with Duddell Street Acquisition in a $1.3bn deal.

FiscalNote Holding, AI-driven enterprise SaaS company, went public via a SPAC merger with Duddell Street Acquisition, a special purpose acquisition company, in a $1.3bn deal. "FiscalNote is a category creator led by a visionary and experienced leadership team poised to scale with multiple organic and inorganic growth vectors. We believe this merger is highly compelling and asymmetric, driven by a clear path to profitability with an anticipated 15-20% organic revenue growth rate, 80% gross margins, and 90% recurring revenue model. With a strong track record of value creation through acquisitions and M&A integration, we are confident FiscalNote will be further positioned to disrupt, consolidate, and provide transformative technology applications to the LegalTech sector," Manoj Jain, Duddell Street Acquisition CEO. On July 27, 2022, Duddell Street Acquisition shareholders approve merger with FiscalNote.