FiscalNote Holdings, Inc. 8-K

What Happened
FiscalNote Holdings, Inc. announced that the NYSE filed a Form 25 on April 3, 2026, and the company’s Class A common stock and warrants were delisted effective April 13, 2026. The Common Stock and warrants now trade on the OTCID Basic Market under the symbols “NOTE” and “NOTEW.” On April 21, 2026, FiscalNote entered into forbearance agreements with GPO FN Noteholder, LLC and YA II PN, Ltd, under which those subordinated creditors waived defaults that arose from the delisting and agreed to forbear from exercising related rights through May 21, 2026.

Key Details

• NYSE filed Form 25 on April 3, 2026; delisting became effective April 13, 2026.
• Common Stock now trades OTCID Basic as “NOTE”; Warrants trade as “NOTEW.”
• Warrants: right to purchase 0.131 shares of Common Stock at $11.50 per share.
• Forbearance agreements dated April 21, 2026, with GPO FN Noteholder, LLC and YA II PN, Ltd extend through May 21, 2026.

Why It Matters
Delisting removes the company’s shares from the NYSE, which typically reduces liquidity and visibility for investors; trading on the OTC market often involves wider spreads and higher volatility. The forbearance agreement provides a temporary pause on creditor enforcement related to defaults from the delisting, giving FiscalNote until May 21, 2026 to pursue options (including potential relisting efforts) without immediate debt-collection actions by these subordinated creditors. Investors should note the change in trading venue and the temporary nature of the creditor forbearance.