By Denny Jacob
Shares of FiscalNote Holdings Inc. plunged 20% to $6.77 after the company said it completed the acquisition of Aicel Technologies, an alternative data company based in South Korea.
Terms of the deal were not disclosed.
FiscalNote, which delivers legal and regulatory data and insights through artificial intelligence, said the acquisition strengthens its existing AI data products and growth strategy.
Aicel CEO Min Kim will continue to lead Aicel as part of FiscalNote’s AI Solutions offering.
Last Friday, the special purpose acquisition company Duddell Street Acquisition Corp. completed its business combination with FiscalNote.
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