New Enterprise Associates

Mark Cuban and NEA-Backed FiscalNote To Go Public Via SPAC Merger

Kimberly Redmond | |

DC-based legal and regulatory software tracking technology company FiscalNote Holdings Inc will go public via a merger with a special purpose acquisition company Duddell Street Acquisition Corp in a deal valued at about $1.3 billion.

Under the agreement announced this week, the Maso Capital-backed SPAC will provide FiscalNote with proceeds of $275 million, consisting of a $100 million private placement and about $175 million currently held in trust by Duddell Street.

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