DefaultApr 21, 2026, 04:32 PM
FiscalNote secures forbearance on debt default after NYSE delisting
AI Summary
FiscalNote Holdings, Inc. announced that its Class A common stock and warrants were delisted from the NYSE on April 13, 2026, and now trade on the OTCID Basic Market. This delisting triggered an event of default under its subordinated convertible debt instruments. The company subsequently entered into forbearance agreements with its subordinated creditors, GPO FN Noteholder, LLC and YA II PN, Ltd, who agreed to waive the defaults and forbear from exercising related rights until May 21, 2026. FiscalNote plans to seek listing on other exchanges to improve investor access and liquidity.
Key Highlights
- FiscalNote delisted from NYSE on April 13, 2026.
- Common Stock and Warrants now trade on OTCID Basic Market.
- Delisting triggered an event of default on subordinated debt.
- Forbearance agreements signed with creditors until May 21, 2026.
- Company plans to pursue listing on other exchanges.