FiscalNote Holdings Inc. has announced the completion of its previously disclosed divestiture of its Australian subsidiary, TimeBase, to Thomson Reuters Corporation for a total consideration of $6.5 million. The transaction is part of FiscalNote's strategy to enhance its policy-centric growth, improve operating efficiencies, and facilitate debt reduction. FiscalNote will continue to serve the Australian market through its PolicyNote platform, aligning with the company's global expansion plans and ongoing AI developments.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.