secwatch.observer — SEC 8-K summary
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Issuer:     FiscalNote Holdings, Inc. (NOTE)
CIK:        0001823466
Form:       8-K
Filed at:   2025-08-05T23:59:59+00:00
Accession:  0001193125-25-173568
Event type: debt
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823466/000119312525173568/0001193125-25-173568-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823466/000119312525173568/d81011d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-173568

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