secwatch.observer — SEC 8-K summary
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Issuer:     FiscalNote Holdings, Inc. (NOTE)
CIK:        0001823466
Form:       8-K
Filed at:   2023-12-11T23:59:59+00:00
Accession:  0001193125-23-292047
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FiscalNote secures up to $7.5M convertible note investment from Era; forms AI Co-pilot partnership
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- Era invests $5.5M initial subordinated convertible note due 2027, up to $2M additional at Era's option.
- Era to receive up to $3.75M in common stock as partnership shares for AI Co-pilot referral services.
- Funds to support AI Co-pilot R&D and general corporate purposes; Era acts as early channel partner.
- Notes convertible into common stock after 6 months at 30-day VWAP; issuance capped at 4.99% beneficial ownership.
- Additional shares may be issued if sale of partnership and conversion shares fails to generate 150% of principal within 12 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823466/000119312523292047/0001193125-23-292047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823466/000119312523292047/d888883d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-292047

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer