FiscalNote Receives Continued Listing Standard Notice From NYSE
FiscalNote (NYSE: NOTE) has received notification from the NYSE that it no longer complies with the continued listing standard requiring a minimum average closing share price of $1.00 over a 30-day trading period. The company has six months to regain compliance while maintaining its NYSE listing and normal operations. FiscalNote serves over 4,000 global customers with AI-driven legal and regulatory insights and remains focused on increasing profitability, delivering product experiences, simplifying its portfolio, finding operational efficiencies, and reducing debt.
FiscalNote (NYSE: NOTE) ha ricevuto una comunicazione dalla NYSE che non rispetta più lo standard di quotazione continuativa, il quale richiede un prezzo medio di chiusura delle azioni di 1,00 $ su un periodo di trading di 30 giorni. L'azienda ha sei mesi per ristabilire la compliance mantenendo la sua quotazione in borsa e le normali operazioni. FiscalNote serve oltre 4.000 clienti globali con intuizioni legali e normative guidate dall'IA e rimane concentrata sull'aumento della redditività, sulla fornitura di esperienze di prodotto, sulla semplificazione del suo portafoglio, sulla ricerca di efficienze operative e sulla riduzione del debito.
FiscalNote (NYSE: NOTE) ha recibido notificación por parte de la NYSE de que ya no cumple con el estándar de cotización continua que requiere un precio promedio de cierre de acciones de $1.00 durante un período de negociación de 30 días. La empresa tiene seis meses para recuperar la conformidad mientras mantiene su cotización en la NYSE y operaciones normales. FiscalNote atiende a más de 4,000 clientes globales con conocimientos legales y regulatorios impulsados por IA y sigue enfocándose en aumentar la rentabilidad, ofrecer experiencias de producto, simplificar su cartera, encontrar eficiencias operativas y reducir la deuda.
FiscalNote (NYSE: NOTE)는 NYSE로부터 30일 거래 기간 동안 평균 종가가 $1.00 미만으로 떨어져 더 이상 상장 기준을 충족하지 않는다는 통지를 받았습니다. 이 회사는 NYSE 상장과 정상 운영을 유지하면서 compliance를 회복할 수 있는 6개월의 유예 기간이 주어집니다. FiscalNote는 AI 기반의 법률 및 규제 통찰력으로 4,000명 이상의 글로벌 고객에게 서비스를 제공하고 있으며, 수익성 증대, 제품 경험 제공, 포트폴리오 간소화, 운영 효율성 찾기 및 부채 감소에 주력하고 있습니다.
FiscalNote (NYSE: NOTE) a reçu une notification de la NYSE indiquant qu’elle ne respecte plus la norme de cotation continue qui exige un prix de clôture moyen des actions d’au moins 1,00 $ sur une période de négociation de 30 jours. La société dispose de six mois pour restaurer sa conformité tout en maintenant son inscription à la NYSE et ses opérations normales. FiscalNote sert plus de 4 000 clients dans le monde avec des insights juridiques et réglementaires propulsés par l’IA et reste concentrée sur l’augmentation de sa rentabilité, la fourniture d’expériences produits, la simplification de son portefeuille, la recherche d’efficacités opérationnelles et la réduction de la dette.
FiscalNote (NYSE: NOTE) hat von der NYSE eine Mitteilung erhalten, dass es die anhaltenden Listungsstandards, die einen durchschnittlichen Schlusskurs von 1,00 $ über einen Zeitraum von 30 Handelstagen verlangen, nicht mehr erfüllt. Das Unternehmen hat sechs Monate, um die Compliance wiederherzustellen, während es sein NYSE-Listing und den regulären Betrieb aufrechterhält. FiscalNote bedient über 4.000 globale Kunden mit KI-gesteuerten rechtlichen und regulatorischen Erkenntnissen und konzentriert sich darauf, die Rentabilität zu steigern, Produkterlebnisse zu liefern, sein Portfolio zu vereinfachen, operationale Effizienzen zu finden und Schulden zu reduzieren.
- Maintains compliance with all other NYSE listing standards
- Continues normal business operations with 4,000+ global customers
- No immediate effect on NYSE listing or SEC reporting requirements
- No conflict with or default under material debt agreements
- Stock price fallen below NYSE minimum requirement of $1.00
- Risk of potential NYSE delisting if compliance not achieved within 6 months
- Need for potential share price improvement measures
Insights
This NYSE non-compliance notice represents a significant challenge for FiscalNote. The
The company's focus on profitability and debt reduction becomes important now. With over 4,000 global customers and a market cap of
The Company is evaluating all options to address this matter. In parallel, the Company remains focused on providing AI-driven legal and regulatory insights to its more than 4,000 global customers as they tackle the ongoing challenges of constant change and increased complexity brought about by accelerated regulatory and legislative policymaking, the realities of recent electoral changes in the
The NYSE’s notification does not affect FiscalNote’s business operations or its Securities and Exchange Commission reporting requirements, has no immediate effect on the listing of the FiscalNote’s common stock on the NYSE, and does not conflict with or cause an event of default under the Company’s material debt agreements. Under the NYSE’s rules, FiscalNote has a period of six months from receipt of the notice to regain compliance with the minimum share price requirement. FiscalNote’s Class A common stock will continue to be listed and traded on the NYSE during this period, subject to the Company’s compliance with other NYSE continued listing standards. FiscalNote intends to regain compliance with the NYSE’s 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.
About FiscalNote
FiscalNote (NYSE: NOTE) is a leader in policy and global intelligence. By uniquely combining data, technology, and insights, FiscalNote empowers customers to manage political and business risk. Since 2013, FiscalNote has pioneered technology that delivers critical insights and the tools to turn them into action. Home to CQ, Dragonfly, Oxford Analytica, VoterVoice, and many other industry-leading brands, FiscalNote serves thousands of customers worldwide with global offices in
Safe Harbor Statement
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’s future financial or operating performance. In some cases, you can identify forward-looking statements by terminology such as “pro forma,” “may,” “should,” “could,” “might,” “plan,” “possible,” “project,” “strive,” “budget,” “forecast,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “potential” or “continue,” 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. These factors are discussed in FiscalNote’s SEC filings, including its most recent reports on Forms 10-K and 10-Q, particularly the "Risk Factors" sections of those reports. Any forward-looking statements are based upon estimates and assumptions that, while considered reasonable by FiscalNote and its management, are inherently uncertain. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. FiscalNote undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
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Media
Nicholas Graham
FiscalNote
press@fiscalnote.com
Investor Relations
Bob Burrows
FiscalNote
IR@fiscalnote.com
Source: FiscalNote
FAQ
Why did FiscalNote (NOTE) receive a NYSE continued listing notice?
How long does FiscalNote (NOTE) have to regain NYSE compliance?
Will FiscalNote (NOTE) be immediately delisted from NYSE?
Does the NYSE notice affect FiscalNote's (NOTE) business operations?
