FiscalNote Holdings, Inc. announced on July 1, 2025, the closing of the divestiture of its Australian subsidiary, TimeBase, to Thomson Reuters Corporation. The total consideration for the transaction was $6.5 million USD.
This latest non-core asset divestiture further strengthens FiscalNote’s balance sheet and contributes to the company’s path to future positive free cash flow. The company continues its policy-centric growth strategy by streamlining operations and enabling incremental debt reduction.
FiscalNote will continue to serve customers in the Australia market through its PolicyNote platform and related solutions. The company noted positive indicators reinforcing its outlook for accelerating performance in the second half of the year, driven by strong customer engagement with PolicyNote.
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