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FiscalNote Gains Temporary Waiver on Subordinated Debt Defaults

Story Highlights
  • FiscalNote amended forbearance agreements on May 18, 2026 with key subordinated creditors after its NYSE delisting.
  • Creditors agreed to waive delisting-related defaults and forbear on enforcement until June 21, 2026, giving FiscalNote short-term relief.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
FiscalNote Gains Temporary Waiver on Subordinated Debt Defaults

Meet Samuel – Your Personal Investing Prophet

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

On May 18, 2026, FiscalNote Holdings amended its existing forbearance agreements with subordinated creditors GPO FN Noteholder, LLC and YA II PN, Ltd, who hold subordinated convertible debt. The amendments relate to defaults triggered by the delisting of FiscalNote’s Class A common stock from the New York Stock Exchange.

Under the amended forbearance terms, the subordinated creditors agreed to waive these delisting-related defaults and to refrain from exercising associated rights until June 21, 2026, providing FiscalNote with short-term relief. This temporary waiver offers the company breathing room to address its capital structure and exchange listing challenges without immediate enforcement action from these creditors.

The most recent analyst rating on (NOTE) stock is a Buy with a $9.75 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 Neutral.

The score is driven primarily by weak financial performance (declining revenue, persistent losses, high leverage, and negative free cash flow). Technicals add downside pressure with the stock below all key moving averages and negative MACD. Valuation provides limited offset because the company is unprofitable (negative P/E) and no dividend yield is available.

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

More about FiscalNote Holdings

FiscalNote Holdings operates in the information and technology sector, providing data, analytics, and workflow tools focused on government, legal, and regulatory intelligence for corporate and institutional clients. The company’s products help organizations track, interpret, and respond to policy and regulatory developments across multiple jurisdictions.

Average Trading Volume: 484,819

Technical Sentiment Signal: Strong Sell

Current Market Cap: $4.76M

For an in-depth examination of NOTE stock, go to TipRanks’ Overview page.

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