FiscalNote Holdings, Inc. announced on July 29, 2025, that it has filed a preliminary information statement with the SEC to authorize a potential reverse stock split. Holders of over 67% of the voting power of its outstanding common stock have acted by written consent to authorize the Board of Directors to effect a reverse stock split at a ratio ranging from 1:2 to 1:15.
The primary purpose of this authorization is to bring the company into compliance with the New York Stock Exchange (NYSE) continued listing standard, which requires an average closing share price of at least $1.00 over a consecutive 30 trading-day period. The deadline to regain compliance is October 10, 2025.
The company plans to regain compliance through either organic recovery of the stock price or, if necessary, a reverse split. If implemented, the split would not affect any shareholder’s percentage ownership interests or proportionate voting power, but it aims to make the common stock more attractive to a broader range of investors.
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