FiscalNote divests Board.org business to Executive Platforms for $95M in cash

FiscalNote announced the divestiture of its Board.org business to Executive Platforms, a portfolio company of Falfurrias Capital Partners, for $95M in cash, subject to customary adjustments, and post-closing earnout opportunities for total consideration of up to $103M. Board.org represents approximately 10% of FiscalNote’s FY 2023 GAAP revenue, reported separately today. Board.org was acquired by FiscalNote in 2021 for $10M in cash and $4.3M in convertible securities and operated as an independent product offering of FiscalNote.