secwatch.observer — SEC 8-K summary
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Issuer:     FiscalNote Holdings, Inc. (NOTE)
CIK:        0001823466
Form:       8-K
Filed at:   2023-07-03T23:59:59+00:00
Accession:  0000950170-23-031257
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FiscalNote exchanges 5.88M shares for $46.8M convertible note, matures 2028, 7.5% interest
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823466/000095017023031257/0000950170-23-031257-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823466/000095017023031257/note-20230630.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-031257

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