HONG
KONG and WASHINGTON,
July 27,
2022 /PRNewswire/ -- Duddell Street Acquisition Corp.
(Nasdaq: DSAC) ("Duddell Street"), a publicly-traded special
purpose acquisition company, announced today that its shareholders
of record as of June 23, 2022, have
voted to approve the previously proposed business combination (the
"Business Combination") with FiscalNote Holdings, Inc. (the
"Company") at Duddell Street's extraordinary general meeting
of shareholders (the "Special Meeting") held earlier today.
92.5% of the votes cast at the Special Meeting were in favor of
the approval of the Business Combination, and the other proposals
presented at the Special Meeting were also approved by the Duddell
Street shareholders. The formal results of the vote will be
included in a Current Report on Form 8-K to be filed with the U.S.
Securities and Exchange Commission ("SEC") by Duddell Street.
As a result of the Business Combination, at closing, FiscalNote
will combine with Duddell Street and the combined company's name
will be "FiscalNote Holdings, Inc.". Following the closing, which
is expected to take place Friday, July 29,
2022, the combined company's Class A common stock and
warrants are expected to begin trading on the New York Stock
Exchange under the ticker symbols "NOTE" and "NOTE WS",
respectively, on Monday, August 1,
2022.
About FiscalNote
FiscalNote is a leading technology provider of global
policy and market intelligence. By uniquely combining AI
technology, actionable data, and expert and peer insights,
FiscalNote empowers customers to manage policy, address regulatory
developments, and mitigate global risk. Since 2013, FiscalNote has
pioneered technology that delivers mission-critical insights and
the tools to turn them into action. Home to CQ, Equilibrium,
FrontierView, Oxford Analytica, VoterVoice, and many other
industry-leading brands, FiscalNote serves more than 5,000
customers worldwide with global offices in North America, Europe, Asia,
and Australia. 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.
Caution Concerning Forward-Looking
Statements
This communication contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995. Such statements may 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 managements 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.
Media Contact
Nicholas
Graham
FiscalNote
press@fiscalnote.com
Investors
ICR, Inc. for FiscalNote
Sean Hannan
IR@fiscalnote.com
Duddell Street Acquisition Corp.
Sam Joshi
IR@masocapital.com
Additional Information and Where
to Find It
In connection with the Business Combination, Duddell Street has
filed relevant materials with the SEC, including a registration
statement on Form S-4, which includes a proxy statement/prospectus
of Duddell Street, which was declared effective by the SEC on
July 1, 2022, and will file other
documents regarding the Business Combination with the SEC. Duddell
Street's shareholders and other interested persons are advised to
read the definitive proxy statement and documents incorporated by
reference therein filed in connection with the Business
Combination, as these materials contain important information about
FiscalNote, Duddell Street and the 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.
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SOURCE FiscalNote