Traders should expect increased volatility and reduced liquidity as shares move to OTC; institutional investors may be forced to sell due to listing restrictions; monitor for potential reverse stock split or capital-raising efforts to regain compliance in the future.
Price Chart
Executive Summary
FiscalNote Holdings' Class A common stock and warrants are being delisted from the NYSE effective April 14, 2026, after failing to meet the $1.00 minimum average closing price requirement for 30 consecutive trading days and not appealing the delisting decision. Trading was suspended on March 25, 2026, and the securities are expected to move to the OTC market.
Key Facts
- NYSE is delisting FiscalNote's Class A common stock and warrants effective April 14, 2026
- Delisting due to failure to meet NYSE's $1.00 minimum average closing price rule over a 30-trading-day period
- Trading was suspended on March 25, 2026, after the company received delisting notice
- Company did not appeal the delisting decision within the 10-business-day window
- Securities are expected to begin trading on the OTC Markets
Financial Impact
Loss of exchange listing increases cost of capital, reduces liquidity, and signals financial distress; no direct financial charge but significant structural downgrade
Risk Factors
- Further decline in share price due to reduced visibility and liquidity on OTC
- Potential for increased short interest and speculative trading on OTC
- Inability to attract institutional investors or raise capital efficiently while delisted
Market Snapshot
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 25-NSE Filing (Primary) | 0000876661-26-000323 |
| Document: 0000876661-26-000323-index.html | 0000876661-26-000323 |
| Document: 0000876661-26-000323.txt | 0000876661-26-000323 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Apr 15, 2026 27w ago | DEFA14A | — | awaiting T+20 | — | — |
Apr 3, 2026 29w ago | 25-NSE | — | awaiting T+20 | — | — |
US Market Status
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