FiscalNote Earnings and Growth Projections

Attractive DeSPAC Valuation Relative to Peers (Cont'd) Core Comps Info Services 2023E EV/Sales Vertical Software 17.6x 22.9x 24.8x 11.3x 11.6x 7.4x 6.7x 4.6x 20.0x 18.4x 15.3x 15.7x 11.0x 17.5x Median: 15.3x 14.7x 10.0x Mean: 10.3x 1 Fiscal Note ■DISCO legalzoom intapp MSCI CoStar Group Z zoominfo tyler QPalantir Veeva chrologis Avalara PROCORE GUIDEWIRE ■lilncino Duck Creek Technologies Alkami EV 1.2 3.2 5.3 1.8 55.2 30.8 28.1 23.6 48.9 46.7 15.3 11.6 9.6 7.0 3.7 2.4 ($BN) 43 Note: FactSet. Market data as of November 3, 2021. (1) FiscalNote multiple calculated off 2023PF EV / Sales. Fiscal Note

View entire presentation