FiscalNote SPAC Presentation Deck

39 Gross Margin¹ Sales & Marketing Research & Development Editorial General & Administrative EBITDA Margin A Highly Efficient Business Model at Scale FY21E 82% 31% 25% 20% 27% (21%) 51% contribution margin Long-term Scale (Expected) ~88% -20% ~13% -12% -12% -30% 68% contribution margin +-10-15% Organic Growth =Rule of 40% Note: (1) For the period indicated, reflects revenue less cost of revenue divided by revenue expressed as a percentage. Key Drivers High incremental margins Seller productivity; using automation for sales operations and CRM Unified platform for quicker integration of new products/acquisitions Economies of scale in editorial and licensing Focus on operational excellence and M&A synergies Fiscal Note

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