On January 12, 2024, FiscalNote Holdings, Inc. closed the transaction. The transaction included participation from a single investor. The company has now issued 3,003,268 common shares at a price of $1.565298 for gross proceeds of $4,701,009.393864 and Senior Subordinated Convertible Promissory Notes in the principal amount of $1,600,000; for total gross proceeds of $6,301,009.393864 in the transaction.

The Agreement permitted and required the company to convert approximately $1.6 million in aggregate principal amount of the notes into shares of the company?s Class A common stock, par value $0.0001 per share.