debt
confidence high
sentiment neutral
materiality 0.65
FiscalNote exchanges $5.77M of old notes for new convertible notes; issues 2.9M shares
FiscalNote Holdings, Inc.
- Issued $5.5M initial and $269K subsequent convertible notes to EGT 11 LLC in exchange for old notes.
- Issued 2,475,000 fee shares (initial) and 121,050 fee shares (subsequent) to Exchange Investor as inducement.
- Issued 300,000 shares to Northland Securities, Inc. as brokerage compensation for the exchange.
- Notes convertible into common stock based on 30-day VWAP; registration rights require filing by April 20, 2025.