secwatch.observer — SEC 8-K summary
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Issuer:     FiscalNote Holdings, Inc. (NOTE)
CIK:        0001823466
Form:       8-K
Filed at:   2025-03-28T23:59:59+00:00
Accession:  0001193125-25-067154
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823466/000119312525067154/0001193125-25-067154-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823466/000119312525067154/d920755d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-067154

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