Duddell Street to take FiscalNote public via $1.3 bln SPAC deal

Fiscalnote Holdings

08/11/2021 12:18

** Blank-check firm Duddell Street Acquisition Corp's shares
 DSAC.O  rise 3.52% to $10.30 premarket 
    ** Co to take data and analytics firm FiscalNote public
through a $1.3 bln SPAC deal  urn:newsml:reuters.com:*:nL4N2RZ2I5
    ** The deal will provide FiscalNote with $275 million,
consisting of a $100 million private placement in public equity
and about $175 million from the SPAC's IPO
    ** FiscalNote, backed by billionaire investors Mark Cuban
and Jerry Yang, intends to use the proceeds to expand its
product offering and fund acquisitions 
    ** At deal close, FiscalNote will list on the Nasdaq under
the ticker symbol 'NOTE'

 (Reporting by Manya Saini in Bengaluru)
 ((Manya.Saini@thomsonreuters.com;))