FiscalNote Regains Compliance With NYSE Continued Listing Standard

Rhea-AI Summary

FiscalNote Holdings (NYSE: NOTE) has successfully regained compliance with NYSE's continued listing standard for minimum share price. The company achieved this milestone organically through stock performance, maintaining a closing share price of at least $1.00 and an average closing share price above $1.00 over a 30-day trading period ending January 31, 2025.

The AI-driven enterprise SaaS technology provider serves over 4,000 global customers across corporations, governments, trade associations, and non-profits, providing policy and regulatory insights across more than 80 countries. The company recently launched PolicyNote, a breakthrough policy management solution, and remains committed to generating sustainable profitable growth through product experiences, operational efficiencies, and debt reduction.

Positive

• Regained NYSE listing compliance, eliminating delisting risk
• Stock price appreciation achieved organically without reverse split
• Recent launch of new product PolicyNote expanding offerings
• Large customer base of 4,000+ global clients

Negative

• Previous non-compliance with NYSE listing requirements indicates recent stock price weakness

Insights

Financial Compliance Analyst

FiscalNote's successful restoration of NYSE compliance marks a important milestone that substantially reduces investment risk and strengthens its market position. The organic nature of this achievement - driven by natural stock price appreciation rather than corporate actions like reverse splits - signals genuine market confidence in the company's trajectory.

This compliance restoration carries several strategic advantages:

• Enhanced credibility with institutional investors who often have minimum listing requirements for their portfolios
• Improved access to capital markets and potentially better terms for future financing
• Reduced risk of covenant breaches in existing debt agreements
• Removal of a significant overhang that may have deterred potential investors

The company's emphasis on sustainable profitable growth through its PolicyNote platform launch, operational efficiencies and debt reduction has likely contributed to this positive outcome. With over 4,000 global customers across 80+ countries, FiscalNote's focus on product-led growth and balance sheet strengthening suggests a strategic pivot toward financial sustainability.

The removal of listing compliance concerns allows management to fully focus on executing their 2025 strategic initiatives, potentially accelerating their path to improved profitability and market expansion. This development may also facilitate more favorable terms in future capital raising efforts or strategic partnerships.

Recent Stock Price Appreciation Secures Company’s Recompliance

WASHINGTON--(BUSINESS WIRE)-- FiscalNote Holdings, Inc. (NYSE: NOTE) ("FiscalNote" or the “Company”), a leading AI-driven enterprise SaaS technology provider of policy and global intelligence, today announced it has regained compliance with the New York Stock Exchange (“NYSE”) continued listing standard for minimum share price under Section 802.01C of the NYSE Listed Company Manual.

On February 3, 2025, the Company received confirmation from the NYSE that, as of January 31, 2025, the Company’s common stock had a closing share price of at least $1.00 and the Company had maintained an average closing share price of at least $1.00 over the 30 trading-day period ending on that date. Accordingly, the Company’s shares are no longer considered to be below the minimum share price requirement of Section 802.01C and, as a result, the Company has regained compliance with the NYSE continued listing standards.

The Company remains focused on providing policy, regulatory and related insights and intelligence to its more than 4,000 global customers spanning corporations, governments, trade associations and non-profits, among others, including data and information spanning more than 80 countries. In addition, the Company’s senior executives continue to be committed to generating sustainable profitable growth through best-in-class product experiences — including the recent launch of its breakthrough policy management solution, PolicyNote — additional operational efficiencies, and debt reduction.

“We are pleased to regain full compliance with the NYSE standards, as was always our expectation, and to have achieved this organically by means of stock performance and appreciation,” said Josh Resnik, CEO and President, FiscalNote. “We remain focused on delivering value for our shareholders by driving product-led growth, expanding profitability, and strengthening our balance sheet. We are equally focused on generating results for our customers, including users of our new PolicyNote platform, as they seek essential insights, optimize their workflows, and impact their organizations. We are confident in our plan as we pursue our strategic initiatives for 2025 and beyond.”

FiscalNote will continue to be traded on the NYSE, subject to its continued compliance with all applicable listing standards.

FiscalNote’s most recent investor presentations, as well as its updated Company Overview, can be found on the "Events & Presentations” section of the Investor Relations website.

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, Roll Call, VoterVoice, and many other industry-leading brands, FiscalNote serves thousands of customers worldwide with global offices in North America, Europe, Asia, and Australia. To learn more about FiscalNote and its family of brands, visit FiscalNote.com and follow @FiscalNote.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250204754475/en/

Media

Nicholas Graham

FiscalNote

press@fiscalnote.com

Investor Relations

Bob Burrows

FiscalNote

IR@fiscalnote.com

Source: FiscalNote

FAQ

How did FiscalNote (NOTE) regain NYSE compliance in January 2025?

FiscalNote regained compliance by maintaining a closing share price of at least $1.00 and an average closing share price above $1.00 over a 30-day trading period ending January 31, 2025.

What are FiscalNote's (NOTE) strategic initiatives for 2025?

FiscalNote's strategic initiatives include driving product-led growth, expanding profitability, strengthening their balance sheet, and debt reduction.

What is PolicyNote and when was it launched by FiscalNote?

PolicyNote is FiscalNote's recently launched breakthrough policy management solution, designed to provide policy and regulatory insights to their global customers.

How many customers does FiscalNote (NOTE) serve globally?

FiscalNote serves more than 4,000 global customers across corporations, governments, trade associations, and non-profits, providing data and information spanning more than 80 countries.