FiscalNote Holdings, Inc. 8-K
Research Summary
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FiscalNote Holdings Enters Forbearance Amendments After NYSE Delisting
What Happened
FiscalNote Holdings, Inc. (NOTE) announced on June 24, 2026 (8-K Item 8.01) that it entered into letter agreements amending prior forbearance agreements dated April 21, 2026. The amendments involve GPO FN Noteholder, LLC and YA II PN, Ltd., the company’s subordinated creditors, who agreed to waive defaults under the subordinated convertible debt instruments that arose from the delisting of the company’s Class A common stock from the New York Stock Exchange and to forbear from exercising related rights until July 21, 2026.
Key Details
- Amendment date: June 24, 2026; original forbearance agreements dated April 21, 2026 (as amended).
- Parties: GPO FN Noteholder, LLC and YA II PN, Ltd. (the “Subordinated Creditors”).
- Subject: Waiver of defaults under subordinated convertible debt instruments caused by the NYSE delisting.
- Forbearance period: Creditors will forbear from exercising remedies related to those defaults through July 21, 2026.
Why It Matters
This filing documents short-term creditor relief tied to consequences of FiscalNote’s NYSE delisting. The waiver and forbearance delay creditor enforcement of defaults under subordinated convertible debt until July 21, 2026, providing the company limited breathing room to address its capital structure or pursue other actions. Investors should view this as temporary mitigation of immediate creditor actions; the filing does not disclose new financing or longer-term resolutions beyond the stated forbearance date.
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