FiscalNote Holdings, Inc. Extends Forbearance After NYSE Delisting

What Happened
FiscalNote Holdings, Inc. announced on July 22, 2026 that it entered into letter agreements amending previously disclosed forbearance agreements (originally dated April 21, 2026) with two subordinated noteholders: GPO FN Noteholder, LLC and YA II PN, Ltd. Under the amendments, each subordinated creditor agreed to waive defaults under the terms of subordinated convertible debt that arose from the delisting of the company’s Class A common stock from the New York Stock Exchange, and to forbear from exercising any rights related to those defaults through August 22, 2026.

Key Details

• Forbearance amendment date: July 22, 2026 (original forbearance dated April 21, 2026, as amended).
• Subordinated creditors: GPO FN Noteholder, LLC and YA II PN, Ltd.
• Issue addressed: Waiver of defaults under subordinated convertible debt tied to Class A stock delisting from the NYSE.
• Forbearance period: Creditors agreed not to exercise rights relating to those defaults until August 22, 2026.

Why It Matters
This agreement temporarily prevents the two subordinated noteholders from enforcing remedies tied to the debt defaults that arose from the NYSE delisting, giving FiscalNote a limited window (through August 22, 2026) to address the situation or pursue alternative actions. For investors, the filing signals creditor cooperation in the short term but also confirms the company faces covenant/default issues linked to the delisting.