Welcome to our dedicated page for Fiscalnote Hldg SEC filings (Ticker: NOTE), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
FiscalNote Holdings, Inc. filings document the regulatory record for an operating company that provides AI-driven policy and regulatory intelligence through PolicyNote and related advocacy, data and analysis products. Its 8-K filings cover reported financial results, Regulation FD communications, product and market-strategy disclosures, director changes and listing-status events.
FiscalNote's SEC record also includes proxy materials covering governance, board matters and executive compensation; Form 25 materials related to removal of its Class A common stock and warrants from NYSE listing; and late-filing notices for annual reporting. The filings describe capital structure matters involving Class A common stock and warrants, public-company reporting obligations, governance controls and risk disclosures tied to its software and information-services business.
FiscalNote Holdings, Inc. Chief Legal & Admin. Officer Aman Todd reported a small tax-related share disposition. On the vesting of 893 restricted stock units, 317 shares of Class A Common Stock were withheld at $0.26 per share to cover tax obligations, leaving him with 77,150 directly held shares.
FiscalNote Holdings is asking stockholders to vote at a virtual annual meeting on May 27, 2026 to elect two Class I directors, approve executive pay on an advisory basis, set the frequency of future pay votes, and ratify RSM US LLP as auditor for 2026.
The company highlights its shift from the NYSE to the OTC market after delisting in April 2026 and says operations and product development continue. Management describes a more focused and profitable business, with 2025 GAAP revenue of $95.4 million, annual recurring revenue of $84.1 million, and Adjusted EBITDA of $10.3 million.
FiscalNote Holdings, Inc. Chief Legal & Admin. Officer Todd Aman reported a routine tax-related share disposition. On April 9, 2026, 2,236 shares of Class A Common Stock were withheld at $0.26 per share to cover taxes on the vesting of 6,314 restricted stock units. After this withholding, Aman directly held 77,467 shares of Class A Common Stock. This was not an open-market sale but an automatic tax-withholding event tied to equity compensation vesting.
FiscalNote Holdings, Inc. notifies the removal of its Class A common stock and related warrants from listing and registration on the New York Stock Exchange LLC. The filing cites compliance with 17 CFR 240.12d2-2 and states the Exchange and the issuer have met the procedures for voluntary withdrawal.
FiscalNote Holdings, Inc. reported that the New York Stock Exchange has notified the company it is commencing delisting proceedings because the 30‑day average closing price of its Class A common stock fell below $1.00. Trading in the common stock and warrants has been suspended on the NYSE, and the securities are expected to begin trading on the OTC Markets on March 26, 2026 under the same ticker symbols.
The company is evaluating an appeal of the delisting determination. Management highlights a recent organizational transformation, including a 25% workforce reduction and approximately 19% lower cash operating costs, which it says expand Adjusted EBITDA margins and are expected to support positive free cash flow over the twelve months beginning April 1, 2026. FiscalNote is also investing in its PolicyNote API, AI integrations, and new political prediction products, while its board continues a strategic review that includes potential divestitures of non‑core assets.
FiscalNote Holdings, Inc. reported that the New York Stock Exchange has notified the company it is commencing delisting proceedings because the 30‑day average closing price of its Class A common stock fell below $1.00. Trading in the common stock and warrants has been suspended on the NYSE, and the securities are expected to begin trading on the OTC Markets on March 26, 2026 under the same ticker symbols.
The company is evaluating an appeal of the delisting determination. Management highlights a recent organizational transformation, including a 25% workforce reduction and approximately 19% lower cash operating costs, which it says expand Adjusted EBITDA margins and are expected to support positive free cash flow over the twelve months beginning April 1, 2026. FiscalNote is also investing in its PolicyNote API, AI integrations, and new political prediction products, while its board continues a strategic review that includes potential divestitures of non‑core assets.
FiscalNote Holdings, Inc. is an AI-driven policy and regulatory intelligence company built around its PolicyNote platform, which aggregates legislative and regulatory data and overlays in-house AI and expert analysis. The company serves enterprises (including 46 of the Fortune 100), governments and nonprofits in more than 40 countries, with roughly 93% of 2025 revenue coming from recurring subscriptions.
FiscalNote generated $95.4 million of total revenue in 2025, down from $120.3 million in 2024, partly due to divestitures. It remains unprofitable, recording net losses of $81.8 million in 2025 and $62.5 million in 2024, excluding gains on business sales. The company is streamlining operations, cutting headcount from about 800 at the end of 2022 to 540 at the end of 2025 and taking further cost actions in early 2026. Key metrics include 2025 ARR of $84.1 million and net revenue retention of about 96% in the fourth quarter. Management highlights material risks: dependence on U.S. government customers and shutdowns, heavy use of debt, and potential NYSE delisting that could trigger defaults and even force restructuring or bankruptcy if not cured.
FiscalNote Holdings, Inc. reported that Board member Anna Sedgley has decided to resign as a director effective March 19, 2026. She is leaving to focus on other professional commitments and the company states her resignation is not due to any disagreement regarding its operations, policies or practices.
Ms. Sedgley joined the Board in February 2021 and currently serves as Chair of the Audit Committee. The company acknowledges and thanks her for the critical guidance she has provided during her tenure on the Board.
FiscalNote Holdings reported weaker fourth quarter and full-year 2025 results while launching a major restructuring. Q4 2025 revenue was $22.2M, down from $29.5M, with a net loss of $22.9M but positive Adjusted EBITDA of $2.5M. For 2025, revenue fell to $95.4M from $120.3M, and net results swung to a $65.2M loss from $9.5M income, even as Adjusted EBITDA reached $10.3M and an 11% margin.
The company is cutting its workforce by about 25% and targeting positive Free Cash Flow on a trailing twelve‑month basis by the end of Q1 2027. Initial 2026 guidance calls for revenue of $80–83M versus pro forma $90.7M in 2025 and Adjusted EBITDA of $14–16M. The board continues to review strategic options, including possible divestitures of non-core assets.
FiscalNote Holdings, Inc. is notifying the SEC that it cannot timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2025 by the prescribed due date of March 16, 2026.
The company states it needs additional time to complete preparation and review of its annual financial statements and expects to file the Form 10-K "on or before the fifteenth calendar day following the prescribed due date."
FiscalNote Holdings, Inc. filed an 8-K furnishing materials from a live investor discussion on its expansion into political prediction markets. Management and strategic advisors outlined why they see prediction markets as a fast-growing, durable category for outcome-based political and macro forecasting.
The materials highlight rapid industry growth, with 2025 U.S. prediction market trading described in the tens of billions of dollars and political contracts accounting for a meaningful share. They emphasize regulatory momentum from the CFTC, increasing institutional interest, and integrations of prediction market data into established financial platforms.
FiscalNote positions this move as an extension of its core policy data and analytics business, not a pivot. The company plans a phased roadmap that starts with subscription “tip sheet” and insight products, fantasy-league style experiments, and partnerships such as 365Prediction to access infrastructure, while leveraging its existing policy expertise and relationships with advocacy organizations.