HONG KONG, Dec. 6, 2021 /PRNewswire/ -- Duddell Street
Acquisition Corp. (Nasdaq: DSAC), a publicly traded special purpose
acquisition company ("Duddell Street"), today announced the filing
with the U.S. Securities and Exchange Commission (the "SEC") of a
registration statement on Form S-4 (the "Registration Statement")
in connection with the previously announced proposed business
combination between Duddell Street and FiscalNote Holdings, Inc.
("FiscalNote"), a leading AI-driven enterprise SaaS company that
delivers legal and regulatory data and insights.
The Registration Statement contains a preliminary proxy
statement and prospectus in connection with the proposed business
combination. While the Registration Statement has not yet become
effective and the information contained therein is subject to
change, it provides important information about FiscalNote and the
proposed business combination with Duddell Street.
Completion of the proposed business combination, which is
expected to occur in the first quarter of 2022, is subject to the
Registration Statement being declared effective by the SEC, the
approval of the proposed business combination by Duddell Street's
shareholders, and other customary closing conditions. Duddell
Street's Class A ordinary shares are currently traded on Nasdaq
under the symbol "DSAC." Upon completion of the proposed business
combination, FiscalNote's Class A common stock is expected to be
publicly listed under the ticker symbol "NOTE."
"We remain excited about the pending business combination with
FiscalNote and look forward to working with its talented team to
accelerate organic and inorganic growth opportunities," said
Manoj Jain, CEO of Duddell Street
Acquisition Corp., and Co-Chief Investment Officer of Maso Capital.
"We are pleased to see not only the closing of FrontierView as
FiscalNote continues to execute strategically attractive and value
accretive M&A, but also that FiscalNote remains on track to
exit 2021 at a revenue run-rate in-line with the projections and
the M&A goals set out in the business combination."
About FiscalNote
FiscalNote is a leading global technology provider of legal
and policy data and insights. By combining AI capabilities, expert
analysis, and legislative, regulatory, and geopolitical data,
FiscalNote is reinventing the way that organizations minimize risk
and capitalize on opportunity.
Home to CQ, Roll Call, Oxford Analytica, and VoterVoice,
FiscalNote empowers clients worldwide to monitor, manage, and act
on the issues that matter most to them. To learn more about
FiscalNote and its family of brands, visit FiscalNote.com and
follow @FiscalNote.
About Duddell Street Acquisition Corp.
Duddell Street Acquisition Corp. was formed for the purpose of
effecting a merger, share exchange, asset acquisition, share
purchase, reorganization or similar business combination with one
or more businesses. Duddell Street is sponsored by Hong Kong-based hedge fund Maso Capital. Since
inception, Maso Capital has invested in more than one thousand
companies and situations across multiple sectors and geographies.
Leveraging its stature and reputation in Hong Kong and its experienced investment team,
Maso Capital has had investments in a number of TMT, healthcare,
fintech and consumer companies in the region. For more information,
please visit DSAC.co.
Additional Information and Where to Find It
Duddell Street's shareholders and other interested persons are
advised to read the registration statement on Form S-4 filed with
the SEC, including the preliminary proxy statement/prospectus and
the amendments thereto and the definitive proxy statement and
documents incorporated by reference therein filed in connection
with the proposed business combination, as these materials contain
important information about FiscalNote, Duddell Street and the
proposed business combination. Promptly after the Form S-4 is
declared effective by the SEC, Duddell Street will mail the
definitive proxy statement/prospectus and a proxy card to each
shareholder entitled to vote at the meeting relating to the
approval of the business combination and other proposals set forth
in the proxy statement/prospectus. For additional information on
the proposed business combination, see Duddell Street 's Current
Report on Form 8-K filed with the SEC on November 8, 2021. Before making any voting or
investment decision, investors and shareholders of Duddell Street
are urged to carefully read the entire registration statement and
proxy statement/prospectus, and any other relevant documents filed
with the SEC, as well as any amendments or supplements to these
documents, because they will contain important information about
the proposed business combination. The documents filed by Duddell
Street with the SEC may be obtained free of charge at the SEC's
website at www.sec.gov.
This communication does not constitute an offer to sell or the
solicitation of an offer to buy any securities, or a solicitation
of any vote or approval, nor shall there be any sale of securities
in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
Participants in the Solicitation
Duddell Street and its directors and executive officers may be
deemed participants in the solicitation of proxies from its
shareholders with respect to the business combination. A list of
the names of those directors and executive officers and a
description of their interests in Duddell Street will be included
in the proxy statement/prospectus for the proposed business
combination when available at www.sec.gov. Information about
Duddell Street's directors and executive officers and their
ownership of Duddell Street shares is set forth in Duddell Street's
prospectus, dated prospectus is October 28,
2020. Other information regarding the interests of the
participants in the proxy solicitation will be included in the
proxy statement/prospectus pertaining to the proposed business
combination when it becomes available. These documents can be
obtained free of charge from the source indicated above.
FiscalNote and its directors and executive officers may also be
deemed to be participants in the solicitation of proxies from the
shareholders of Duddell Street in connection with the proposed
business combination. A list of the names of such directors and
executive officers and information regarding their interests in the
proposed business combination will be included in the proxy
statement/prospectus for the proposed business combination.
Cautionary Statement Regarding Forward-Looking
Statements
This communication contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995. Such statements include, but are not limited to, statements
about future financial and operating results, plans, objectives,
expectations and intentions with respect to future operations,
products and services; and other statements identified by words
such as "will," "are expected to," "is anticipated," "estimated,"
"believe," "intend," "plan," "projection," "pro forma," "outlook"
or words of similar meaning. These forward-looking statements
include, but are not limited to, statements regarding FiscalNote's
industry and market sizes, future opportunities for FiscalNote and
Duddell Street, FiscalNote's estimated future results and the
proposed business combination between Duddell Street and
FiscalNote, including pro forma market capitalization, pro forma
revenue, the expected transaction and ownership structure and the
likelihood, timing and ability of the parties to successfully
consummate the proposed transaction. Such forward-looking
statements are based upon the current beliefs and expectations of
Duddell Street's and FiscalNote's management and are inherently
subject to significant business, economic and competitive
uncertainties and contingencies, many of which are difficult to
predict and generally beyond Duddell Street's or FiscalNote's
control. Actual results and the timing of events may differ
materially from the results anticipated in these forward-looking
statements. Except as required by law, Duddell Street and
FiscalNote do not undertake any obligation to update or revise any
forward-looking statements whether as a result of new information,
future events or otherwise.
Contacts:
Investors
ICR, Inc. for FiscalNote
Sean Hannan
IR@fiscalnote.com
Duddell Street Acquisition Corp.
Sam Joshi
IR@masocapital.com
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SOURCE FiscalNote
