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 developments.

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

• Ingests unstructured legislative and regulatory data, overlays with proprietary AI, and delivers structured information to inform operational and strategic decisions.

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

Financial performance and metrics

• Convertible debentures issued in an aggregate principal amount of $33.3 million, with $21 million issued on August 12, 2025, and $12.3 million to be issued upon registration statement effectiveness.

• As of August 18, 2025, 172,369,576 shares of common stock outstanding pre-reverse split; post-split, 14,364,131 shares outstanding.

• Audited financial statements for years ended December 31, 2024 and 2023 are incorporated by reference.

Use of proceeds and capital allocation

• Will not receive any proceeds from the resale of Class A Common Stock by the selling stockholder; all proceeds go to the selling stockholder.

• Bears costs associated with the sale, excluding underwriting fees, discounts, and commissions.