FiscalNote Holdings, Inc. announced a commercial partnership with Era Global Technologies, LLC. This marks continued support from an early-stage investor and strategic advisor to the Company who has been closely aligned with FiscalNote for over five years. Era's dedicated value-creation platform, Era Catalyst, will be a foundational channel partner, providing distribution support for FiscalNote's recently-announced AI Co-pilot program.

Era will provide referral services into their extensive network to accelerate sales and introduce FiscalNote's proprietary AI products in the legal and regulatory space to several of the world's largest conglomerates. Through these referrals, FiscalNote will drive further AI innovation augmented by input from Era's network of family-owned enterprises, including large European and Asia-based multinational chemical and consumer goods conglomerates which operate across 19 countries and 25 industries. The collaboration is expected to enable FiscalNote to accelerate its ongoing growth and expansion strategy, advance new product development, and optimize sales and marketing efforts.

In connection with the agreement, Era's investment vehicle, EGT--East, is investing $5.5 million in FiscalNote in the form of a convertible subordinated promissory note, with the potential for up to an additional $2.0 million. The strategic investment will, in part, fund further capital expenditures and development of FiscalNote's next generation of AI Co-Pilot capabilities, inclusive of deployments into Era's network of global companies. The terms of the promissory note are further described in FiscalNote's Current Report on Form 8-K filed with the Securities and Exchange Commission on December 11, 2023.

FiscalNote's AI Co-pilots are new AI solutions customized for policy and risk management professionals to facilitate their day-to-day work such as key tasks related to legislation, advocacy, constituent communications, regulatory responses, and global risk analysis. FiscalNote's Co-pilots will combine the power of large language models, FiscalNote's trusted industry leading policy and geopolitical data, and customers' data, all in a seamless workflow to provide intelligent assistance for the world's most important decision makers. By deploying FiscalNote's AI Co- pilots, customers will be able to automate tasks, improve decision-making, and increase productivity and efficiencies -- driving value and results across the enterprise.