FiscalNote Holdings, Inc. announced on March 31, 2025, the closing of the divestiture of its Global Intelligence businesses, Oxford Analytica and Dragonfly, to Dow Jones. The total consideration for the sale was $40.0 million.
Following customary post-closing adjustments, net proceeds of approximately $27.1 million were used to further reduce the company’s senior term debt by 30.6%. This resulted in a net post-closing balance of approximately $61.5 million.
This transaction significantly strengthens FiscalNote’s balance sheet and contributes to its path to future positive free cash flow. The company has reduced its senior term balance by over 60% in the last twelve months, aligning with its strategy to accelerate policy-centric growth and enhance profitability.
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