secwatch.observer — SEC 8-K summary
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Issuer:     FiscalNote Holdings, Inc. (NOTE)
CIK:        0001823466
Form:       8-K
Filed at:   2024-04-12T23:59:59+00:00
Accession:  0001193125-24-094774
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823466/000119312524094774/0001193125-24-094774-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823466/000119312524094774/d766995d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-094774

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