---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-173568"
form_type: "8-K"
ticker: "NOTE"
cik: "0001823466"
company_name: "FiscalNote Holdings, Inc."
filed_at: "2025-08-05T23:59:59+00:00"
generated_at: "2026-05-17T20:57:43.144232+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# FiscalNote amends convertible notes, extends maturity to Aug 15, adds $93k principal

## Summary
- Extended maturity of subordinated convertible notes to August 15, 2025; principal increased by $27,272 (Nautilus I), $54,665 (Nautilus II), $11,474 (Wealth Plus).
- Company's right to issue Additional Shares eliminated; must pay cash if conversion share sales fall short of Amended Repayment Amount (principal + PIK interest + fees).
- If not repaid by Aug 15, maturity extends to April 15, 2026, with 200% penalty on shortfall; change-of-control protection period may extend to 30 months.
- Company is negotiating a refinancing transaction to repay the notes; investor legal expense reimbursement capped at $85,000 total.
- Amendments exempt from registration under Section 3(a)(9) of Securities Act; no additional Conversion Shares until Form 8-K filed.

## SEC filing metadata
- accession: 0001193125-25-173568
- form_type: 8-K
- ticker: NOTE
- cik: 0001823466
- company_name: FiscalNote Holdings, Inc.
- filed_at: 2025-08-05T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1823466/000119312525173568/0001193125-25-173568-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1823466/000119312525173568/d81011d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-173568
- JSON: https://secwatch.observer/filing/0001193125-25-173568.json
- Plain text: https://secwatch.observer/filing/0001193125-25-173568.txt

## Key facts
- Debt Financings
  FiscalNote Holdings, Inc. amended convertible notes of $27,272, $54,665 and $11,474 with Nautilus Venture Partners Fund I, L.P., Nautilus Venture Partners Fund II, L.P., Wealth Plus Investments Ltd. maturing August 15, 2025.
  - Instrument: convertible notes
  - Principal: $27,272, $54,665 and $11,474
  - Counterparty: Nautilus Venture Partners Fund I, L.P., Nautilus Venture Partners Fund II, L.P., Wealth Plus Investments Ltd.
  - Maturity: August 15, 2025
  - Event: amendment
  source text: for entering into the Amendments, as of the Amendment Date, the Company increased the principal amount of the Amended Notes held by Nautilus I, Nautilus II and Wealth Plus by $27,272, $54,665 and $11,474, respectively (the “ Extension Payments ”). The Amendments eliminated the Company’s right to issue Additional Shares (as defined in the Letter Agreements) and
  evidence_url: https://www.sec.gov/Archives/edgar/data/1823466/000119312525173568/0001193125-25-173568-index.htm

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