DefaultJul 24, 2026, 04:12 PM
FiscalNote extends forbearance on debt defaults until Aug 22
AI Summary
FiscalNote Holdings, Inc. has amended its forbearance agreements with GPO FN Noteholder, LLC and YA II PN, Ltd. These amendments waive defaults under subordinated convertible debt instruments that arose from the delisting of the company's Class A common stock from the New York Stock Exchange. The forbearance period has been extended until August 22, 2026, during which time creditors will refrain from exercising any rights related to these defaults.
Key Highlights
- FiscalNote amended forbearance agreements with GPO FN Noteholder, LLC and YA II PN, Ltd.
- The amendments waive defaults on subordinated convertible debt instruments.
- Defaults arose from the delisting of FiscalNote's Class A common stock from the NYSE.
- The forbearance period has been extended until August 22, 2026.
- Subordinated Creditors will forbear from exercising rights related to these defaults.
- The original forbearance agreements were dated April 21, 2026.
Price Impact
More from NOTE