FiscalNote (NOTE) Registration Filing summary

Company overview and business model

• Provides global policy and regulatory intelligence using AI and data science to deliver actionable insights for clients managing policy change and regulatory risk.

• Core products include PolicyNote, CQ Federal, Curate, EU Issue Tracker, Voter Voice, Fireside, and FrontierView, serving clients in over 80 countries.

• Ingests unstructured legislative and regulatory data, structuring it for client decision-making and workflow integration.

• Operates a dual-class stock structure with Class A (1 vote/share) and Class B (25 votes/share) common stock.

Financial performance and metrics

• As of May 5, 2025, 149,925,786 shares of Class A and 8,290,921 shares of Class B Common Stock were outstanding.

• The closing price of Class A Common Stock on May 22, 2025, was $0.65 per share.

• Audited financial statements for 2024 and 2023 are incorporated by reference, with an unqualified opinion from RSM US LLP.

Use of proceeds and capital allocation

• Will not receive any proceeds from the resale of shares by selling stockholders; proceeds go directly to selling stockholders.

• Company bears registration and certain brokerage costs, but not underwriting fees, discounts, or commissions.