FiscalNote Gains Temporary Debt Relief After NYSE Delisting

FiscalNote Holdings ( (NOTE) ) has issued an update.

FiscalNote Holdings, Inc. saw its Class A common stock and warrants delisted from the New York Stock Exchange after the NYSE filed a Form 25 with the SEC on April 3, 2026, with the delisting becoming effective on April 13, 2026. The securities now trade on the OTCID Basic Market under the symbols NOTE and NOTEW, and the company has indicated it plans to seek listing on alternative tiers or exchanges to improve investor access and liquidity as it advances its strategic plans.

Following the delisting, FiscalNote entered into forbearance agreements on April 21, 2026, with subordinated creditors GPO FN Noteholder, LLC and YA II PN, Ltd, who agreed to waive defaults under subordinated convertible debt triggered by the delisting and to refrain from exercising related rights until May 21, 2026. The agreements provide temporary relief on debt covenant breaches, aiming to stabilize the company’s capital structure and preserve operational flexibility while it navigates the transition to OTC trading and explores new listing options.

The most recent analyst rating on (NOTE) stock is a Buy with a $3.00 price target. To see the full list of analyst forecasts on FiscalNote Holdings stock, see the NOTE Stock Forecast page.

Spark’s Take on NOTE Stock

According to Spark, TipRanks’ AI Analyst, NOTE is a Underperform.

The score is pressured primarily by weak financial performance (persistent negative operating/free cash flow and a sharp profitability deterioration in 2025) and a deeply bearish technical setup (below key moving averages with negative MACD). Valuation provides limited support due to a negative P/E and no dividend, and corporate events add downside risk from delisting/OTC transition despite some constructive strategy announcements.

To see Spark’s full report on NOTE stock, click here.

More about FiscalNote Holdings

FiscalNote Holdings, Inc. operates in the information and data services industry, providing technology-driven policy and regulatory intelligence. Its primary products include data platforms and analytical tools that help businesses and institutions track, interpret, and respond to legislative and regulatory developments, with a market focus on clients requiring real-time policy insights.

Average Trading Volume: 705,718

Technical Sentiment Signal: Sell

Current Market Cap: $4.53M

For a thorough assessment of NOTE stock, go to TipRanks’ Stock Analysis page.