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.