---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-094774"
form_type: "8-K"
ticker: "NOTE"
cik: "0001823466"
company_name: "FiscalNote Holdings, Inc."
filed_at: "2024-04-12T23:59:59+00:00"
generated_at: "2026-06-03T23:32:17.310261+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# FiscalNote converts $1.6M in notes to equity, delays remaining conversion to June 30, 2024

## Summary
- Converted ~$1.6M principal of convertible notes into 3,003,268 shares of Class A common stock.
- Remaining Notes cannot be converted until on or after June 30, 2024, per amendment.
- Investor must return shares if sales proceeds exceed 150% of aggregate principal amount.
- Company issued Fee Shares under AI Copilot Partnership Agreement concurrently with conversion.
- Investor entered trading plan for shares; early termination forfeits additional shares.

## SEC filing metadata
- accession: 0001193125-24-094774
- form_type: 8-K
- ticker: NOTE
- cik: 0001823466
- company_name: FiscalNote Holdings, Inc.
- filed_at: 2024-04-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1823466/000119312524094774/0001193125-24-094774-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1823466/000119312524094774/d766995d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-094774
- JSON: https://secwatch.observer/filing/0001193125-24-094774.json
- Plain text: https://secwatch.observer/filing/0001193125-24-094774.txt

## Key facts
- Material Agreements
  FiscalNote Holdings, Inc. amended Agreement with EGT-East, LLC valued at approximately $1.6 million (effective 2024-04-11).
  - Action: amendment
  - Agreement: collaboration
  - Counterparty: EGT-East, LLC
  - Value: approximately $1.6 million
  - Effective: 2024-04-11
  source text: On April 11, 2024, FiscalNote Holdings, Inc. (the “ Company ”) entered into a letter agreement (the “ Agreement ”) with EGT-East, LLC (the “ Investor ”) modifying certain provisions of the Senior Subordinated Convertible Promissory Notes made by the Company in favor of the Investor on each of December 8, 2023 and January 5, 2024 (the “ Notes ”) and that certain AI Copilot Partnership Agreement, dated as of December 8, 2023 (the “ Co-Pilot Agreement ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1823466/000119312524094774/0001193125-24-094774-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.