FiscalNote SPAC Presentation Deck
37
Self-reinforcing combination of organic initiatives and M&A fueling durable and visible growth pathway
Revenue ($MM)
$65
2020A revenue
$41
Rapid, Sustainable Growth...
Revenue growth
(Organic +
Acquired)1
$1
M&A targets
under LOI²
$108
2021PF revenue
$20
Organic revenue
growth ³
3
$45
+63%
Incremental revenue
from
M&A pipeline 4
$173
2022PF revenue
>$400+
-2025PF revenue
target 5
Management's target: 15-20% ARR organic growth + >25% growth from M&A activity in pathway to $400MM +
Note: Totals may not add up due to rounding. (1) Includes pro forma acquisitions completed by Nov 2021; (2) Includes one target under LOI; (3) Reflects total organic revenue growth from 2021 including
-$10MM of revenue growth from the 2021 acquisitions (comprising ~$9.4MM from the acquisitions completed by Nov 30, 2021 and ~$0.4MM from the target under LOI after Nov 30, 2021); (4) Run-rate revenue Fiscal Note
estimate for all pipeline acquisitions at 30% probability weighting; (5) 2025E Revenue Target is based on management expectations regarding acquisition pipeline. See "Disclaimer--Use of Projections".View entire presentation