FiscalNote Holdings, Inc.

FiscalNote Holdings, Inc. announced a significant leadership transition. Josh Resnik mutually agreed to depart as President & CEO, effective June 26, 2026, after eight years of service. The Board appointed Key Compton, a current board member and former Audit Committee Chair, as the new President & CEO, effective June 22, 2026. Additionally, Todd Aman, Chief Legal and Administrative Officer, resigned effective July 2, 2026, to pursue another opportunity.

FiscalNote Holdings, Inc. announced on June 24, 2026, that it entered into letter agreements to amend its forbearance agreements with GPO FN Noteholder, LLC and YA II PN, Ltd. These amendments waive defaults on subordinated convertible debt instruments that arose from the delisting of the company's Class A common stock from the New York Stock Exchange. The subordinated creditors have agreed to extend their forbearance from exercising any rights related to these defaults until July 21, 2026.

FiscalNote Holdings, Inc. secured a waiver from GPO FN Noteholder, LLC for a $2.0 million principal amortization installment originally due on July 1, 2026. This payment will now be deferred until the Note's Maturity Date in November 2029. Concurrently, the company is actively evaluating strategic options and engaging with its senior and subordinated lenders to renegotiate or amend existing debt obligations, with the assistance of an external financial advisor.

FiscalNote Holdings, Inc. amended its forbearance agreements with GPO FN Noteholder, LLC and YA II PN, Ltd. on May 18, 2026. These amendments waive defaults under subordinated convertible debt instruments, which arose from the delisting of the company's Class A common stock from the New York Stock Exchange. The Subordinated Creditors have agreed to forbear from exercising rights related to these defaults until June 21, 2026.

FiscalNote Holdings, Inc. reported a significant net loss of $(43.6) million for Q1 2026, a substantial increase from $(4.25) million in Q1 2025, primarily due to a $35.6 million goodwill impairment. The company faces substantial doubt about its ability to continue as a going concern following its NYSE delisting, which triggered events of default on subordinated notes. While forbearance agreements are in place until May 21, 2026, a cross-default on its senior term loan is probable if not extended, potentially requiring immediate repayment of outstanding debt.

FiscalNote Holdings, Inc. announced its first quarter 2026 financial results, reporting total revenues of $20.0 million and Adjusted EBITDA of $1.0 million, both in line with guidance. Despite a significant net loss of $(43.6) million due to a goodwill impairment and a 14% decline in Annual Recurring Revenue, the company reaffirmed its full-year 2026 guidance and expects to achieve positive free cash flow on a next-twelve-month basis starting April 1, 2026. The company also highlighted new product initiatives in agentic AI and political prediction markets, and its Board continues to explore strategic options.

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.