Roth sees ‘credible path to survival’ for FiscalNote amid delisting risk

Roth Capital notes that risk of delisting has driven FiscalNote (NOTE) shares “precipitously lower and left its equity market capitalization nearing zero.” The firm sees “a path to survival,” given its view that cash on hand appears adequate to support operations throughout the company’s cost-cutting and turnaround to positive free cash flow effort, adding that it remains “cautiously constructive for aggressive investors.” Roth has a Buy rating and $3 price target on FiscalNote shares, which are trading at 24c on Friday afternoon.