{"id":836701,"date":"2025-04-11T16:18:08","date_gmt":"2025-04-11T20:18:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/fiscalnote-receives-continued-listing-notice-from-nyse\/"},"modified":"2025-04-11T16:18:08","modified_gmt":"2025-04-11T20:18:08","slug":"fiscalnote-receives-continued-listing-notice-from-nyse","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/fiscalnote-receives-continued-listing-notice-from-nyse\/","title":{"rendered":"FiscalNote Receives Continued Listing Notice From NYSE"},"content":{"rendered":"

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FiscalNote Receives Continued Listing Notice From NYSE<\/b><\/p>\n

Company Afforded Standard Six-Month Cure Period To Regain Listing Compliance<\/i><\/b><\/p>\n

Management Remains Focused on Strategy Execution, Paying Down Debt, Leveraging New PolicyNote Platform, Strengthening Customer-Related KPIs, Expanding Adjusted EBITDA Margins, and Continuing the Path to Positive Free Cash Flow<\/i><\/b><\/p>\n

WASHINGTON–(BUSINESS WIRE<\/a>)–FiscalNote Holdings, Inc.<\/a> (NYSE: NOTE) (\u201cFiscalNote\u201d or the \u201cCompany\u201d), the leading provider of AI-driven policy and regulatory intelligence solutions, today announced that it received notification from the New York Stock Exchange (“NYSE”) on April 10, 2025 that FiscalNote is no longer in compliance with the NYSE continued listing standard that requires listed companies to maintain an average closing share price of at least USD $1.00 over a consecutive 30 trading-day period. FiscalNote is in compliance with all other NYSE continued listing standards.\n<\/p>\n

\nThe Company is evaluating all options to address this matter. In parallel, it remains focused on driving operational efficiencies and accelerating its path to positive free cash flow, including the recent divestiture of non-core assets and repayment of senior debt, along with continued expansion of Adjusted EBITDA margins. The Company also continues to migrate customers onto the new PolicyNote platform, and it is seeing indications of strong user engagement on the platform as well as increasing multiyear commitments from new policy customers in the corporate sector. Senior executives remain actively engaged with investors.\n<\/p>\n

\nThe NYSE\u2019s notification does not affect FiscalNote\u2019s business operations or its Securities and Exchange Commission reporting requirements, has no immediate effect on the listing of the FiscalNote\u2019s common stock on the NYSE, and does not conflict with or cause an event of default under the Company\u2019s material debt agreements. Under the NYSE\u2019s rules, FiscalNote has a period of six months from receipt of the notice to regain compliance with the minimum share price requirement. FiscalNote\u2019s Class A common stock will continue to be listed and traded on the NYSE during this period, subject to the Company\u2019s compliance with other NYSE continued listing standards. FiscalNote intends to regain compliance with the NYSE\u2019s listing standards and, as required by the NYSE, intends to respond to the NYSE within ten business days with respect to its intent to cure the deficiency.\n<\/p>\n

About FiscalNote<\/b><\/p>\n

FiscalNote<\/a><\/b>(NYSE: NOTE) is the leading provider of AI-driven policy and regulatory intelligence solutions. By uniquely combining proprietary AI technology, comprehensive data, and decades of trusted analysis, FiscalNote helps customers efficiently manage political and business risk. Since 2013, FiscalNote has pioneered solutions that deliver critical insights, enabling effective decision making and giving organizations the competitive edge they need. Home to PolicyNote, CQ, Roll Call, VoterVoice, and many other industry-leading products and brands, FiscalNote serves thousands of customers worldwide with global offices in North America, Europe, Asia, and Australia. To learn more about FiscalNote and its suite of solutions, visit FiscalNote.com and follow @FiscalNote.\n<\/p>\n

Safe Harbor Statement<\/i><\/b><\/p>\n

Certain statements in this press release may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or FiscalNote\u2019s future financial or operating performance. For example, statements regarding FiscalNote\u2019s financial outlook for future periods, expectations regarding profitability, capital resources and anticipated growth in the industry in which FiscalNote operates are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as \u201cpro forma,\u201d \u201cmay,\u201d \u201cshould,\u201d \u201ccould,\u201d \u201cmight,\u201d \u201cplan,\u201d \u201cpossible,\u201d \u201cproject,\u201d \u201cstrive,\u201d \u201cbudget,\u201d \u201cforecast,\u201d \u201cexpect,\u201d \u201cintend,\u201d \u201cwill,\u201d \u201cestimate,\u201d \u201canticipate,\u201d \u201cbelieve,\u201d \u201cpredict,\u201d \u201cpotential\u201d or \u201ccontinue,\u201d or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements.<\/i><\/p>\n

Factors that may impact such forward-looking statements include:<\/i><\/p>\n