The forbearance extension provides less than one month of breathing room. Traders should monitor for any further amendments, restructuring announcements, or creditor actions before the July 21 deadline. Failure to extend or restructure could trigger conversion or acceleration of the subordinated debt, increasing dilution or default risk.
Price Chart
Executive Summary
FiscalNote extended its forbearance agreements with subordinated creditors GPO FN Noteholder and YA II PN, Ltd. through July 21, 2026, waiving defaults triggered by the company's NYSE delisting. The short extension highlights ongoing financial distress and the risk of creditor enforcement if no resolution is reached by that date.
Key Facts
- FiscalNote entered into letter agreements amending forbearance agreements with GPO FN Noteholder and YA II PN, Ltd. on June 24, 2026.
- Creditors agreed to waive defaults arising from the delisting of the company's Class A common stock from the NYSE and forbear from exercising rights until July 21, 2026.
- The original forbearance agreements were dated April 21, 2026.
- The company's stock is now trading on the OTC market following the NYSE delisting.
Financial Impact
No dollar amounts disclosed; the forbearance covers defaults on subordinated convertible debt instruments. The immediate risk is creditor enforcement after July 21, 2026, if no further extension or restructuring occurs.
Risk Factors
- Creditors may exercise remedies after July 21, 2026, if forbearance is not extended.
- Potential forced conversion of subordinated debt could dilute existing shareholders.
- Continued OTC trading and lack of NYSE listing may pressure liquidity and valuation.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-281253 |
| Document: 0001193125-26-281253-index-headers.html | 0001193125-26-281253 |
| Document: 0001193125-26-281253-index.html | 0001193125-26-281253 |
| Document: 0001193125-26-281253.txt | 0001193125-26-281253 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 2, 2026 7w ago | 8-K | $0.5310 $0.5310 | · 0.00% | ▲ +1.19% | $0.010000 (−98.12%) |
Aug 10, 2026 11w ago | 8-K | $0.0670 $0.0460 | ▲ +31.34% | ▲ +30.28% | $0.010000 (+85.07%) |
Jun 26, 2026 17w ago | 8-K | $0.1270 $0.1200 | ▼ −5.51% | ▼ −5.25% | $0.010000 (−92.13%) |
Jun 24, 2026 17w ago | 8-K | $0.1180 $0.1103 | ▲ +6.53% | ▲ +7.05% | $0.010000 (+91.53%) |
Jun 16, 2026 18w ago | 8-K | $0.1730 $0.0859 | ▲ +50.35% | ▲ +51.92% | $0.010000 (+94.22%) |
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