FiscalNote extends $10.94M Legacy Notes maturity to April 2026; adds conversion rights

FiscalNote Holdings, Inc.

Legacy Notes aggregate $10.94M principal + PIK interest at 15% annually.
Maturity extended from July 31, 2025 to April 15, 2026.
Company may convert up to 20% of outstanding principal into Class A common stock at VWAP-based price.
Interest rate rises to 25% if net cash proceeds from share sales fail to cover Repayment Amount by original maturity.
If conversion proceeds insufficient, outstanding amount may double; extended repayment due by April 15, 2026.

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