FiscalNote hires ex-Palantir executive as strategic advisor

Published 24/02/2025, 13:16
FiscalNote hires ex-Palantir executive as strategic advisor

WASHINGTON - FiscalNote Holdings, Inc. (NYSE: NOTE), a prominent AI-driven policy and intelligence solutions provider, today announced the appointment of John Lee, the former Head of Contracts for Palantir’s U.S. Government Vertical, as a Senior Strategic Advisor. Lee will bring his extensive experience in government technology and contracting to support FiscalNote’s mission of delivering AI and data-driven solutions to enhance public sector operations.

FiscalNote’s suite of technology solutions, including the CQ information service, has been instrumental in saving the U.S. government money by automating policy monitoring, streamlining compliance, and offering AI-driven insights for smarter decision-making. The company’s platforms, notably the recently launched PolicyNote platform, aim to help federal agencies effectively allocate resources and stay abreast of legislative and regulatory shifts, ultimately leading to cost savings and improved services for taxpayers. While the company has shown strong year-to-date price performance with a 31% gain, InvestingPro analysis reveals several additional insights about the company’s financial health and market position. Subscribers can access 12 more exclusive ProTips and comprehensive financial metrics.

Lee’s career has been marked by his efforts to drive the adoption of innovative technology within federal agencies, focusing on enhancing efficiency, agility, and insight. His role at FiscalNote will concentrate on refining the company’s approach to technology adoption and contracting strategy within the public sector.

Josh Resnik, CEO and President of FiscalNote, highlighted Lee’s track record and alignment with FiscalNote’s goals, stating that Lee’s expertise in next-generation technology will bolster the company’s ability to empower decision-makers with efficient, AI-powered insights.

In response to his new advisory role, Lee expressed his eagerness to support FiscalNote in providing critical capabilities to government leaders, emphasizing the transformative impact of effectively implemented technology in government operations.

FiscalNote, founded in 2013, is recognized for its proprietary AI technology, comprehensive data, and insightful analysis, which aids customers in managing political and business risks. The company, which owns CQ, Roll Call, VoterVoice, and other industry-leading brands, caters to a global clientele from its offices in North America, Europe, Asia, and Australia. With a current market capitalization of approximately $196 million and revenue of $125 million in the last twelve months, the company faces challenges with its current ratio of 0.81, indicating potential liquidity constraints. For a deeper understanding of FiscalNote’s financial position and growth prospects, investors can access the detailed Pro Research Report available exclusively on InvestingPro.

This engagement is based on a press release statement from FiscalNote.

In other recent news, FiscalNote Holdings, Inc. has announced its compliance with the New York Stock Exchange’s minimum share price requirement, having maintained a stock price at or above $1.00 for the past 30 trading days as of January 31, 2025. This development comes as the company focuses on enhancing its product offerings and reducing debt, as stated by CEO and President Josh Resnik. In addition, FiscalNote has expanded its Long-Term Incentive Plan (LTIP), allowing for an increase in the number of shares authorized for issuance and adjusting its annual "evergreen" provision. This amendment was approved by stockholders and reflects changes in executive compensation, including a $1 million restricted stock unit (RSU) grant to CFO Jon Slabaugh. The RSUs are set to vest over a period beginning in 2026. These strategic initiatives are intended to align executive interests with those of shareholders and support long-term growth. The NYSE will continue to list FiscalNote shares, contingent upon adherence to all applicable listing standards.

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