{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-031257","form_type":"8-K","ticker":"NOTE","cik":"0001823466","company_name":"FiscalNote Holdings, Inc.","filed_at":"2023-07-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.466914+00:00","generated_at":"2026-06-13T13:24:53.631291+00:00","sec_items":["1.01","2.01","2.03","3.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"FiscalNote exchanges 5.88M shares for $46.8M convertible note, matures 2028, 7.5% interest","bullets":["Investor returns 5,881,723 Class A shares for cancellation; company issues $46.79M subordinated convertible note due July 2028.","Note bears 7.50% annual interest; first year PIK, thereafter cash or shares at company's option.","Conversion price includes weighted-average anti-dilution protection; company may redeem after 24 months if stock price exceeds 120% of conversion price.","Mutual release of all claims related to the prior note and its conversion.","Issuance exempt from registration under Securities Act Sections 4(a)(2) and 3(a)(9)."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-031257","json":"https://secwatch.observer/filing/0000950170-23-031257.json","markdown":"https://secwatch.observer/filing/0000950170-23-031257.md","text":"https://secwatch.observer/filing/0000950170-23-031257.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1823466/000095017023031257/0000950170-23-031257-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1823466/000095017023031257/note-20230630.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T13:24:53.631291+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5c52abb00294c4950706e26c887ad8423473bf44","claim":"FiscalNote Holdings, Inc. incurred convertible notes of $46,793,888.70 with GPO FN Noteholder LLC at 7.50% per annum maturing July 3, 2028.","evidence_excerpt":"the Company will issue to the Investor a subordinated convertible promissory note in an initial principal amount of $46,793,888.70 (the “New Note”)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1823466/000095017023031257/0000950170-23-031257-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$46,793,888.70"},{"label":"Counterparty","value":"GPO FN Noteholder LLC"},{"label":"Rate","value":"7.50% per annum"},{"label":"Maturity","value":"July 3, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"138f7033e48618e0f7ae02a1648ef10dd293cfb1","claim":"FiscalNote Holdings, Inc. entered into Exchange and Settlement Agreement with GPO FN Noteholder LLC valued at $46,793,888.70 (effective 2023-06-30).","evidence_excerpt":"On June 30, 2023 (the “Subscription Date”), FiscalNote Holdings, Inc. (the “Company”) entered into an Exchange and Settlement Agreement (the “Exchange and Settlement Agreement”) with GPO FN Noteholder LLC (the “Investor”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1823466/000095017023031257/0000950170-23-031257-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"settlement"},{"label":"Counterparty","value":"GPO FN Noteholder LLC"},{"label":"Value","value":"$46,793,888.70"},{"label":"Effective","value":"2023-06-30"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}