FiscalNote Shares Tank As Company Gets Booted From NYSE

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FiscalNote Holdings Inc. connected Wednesday said the New York Stock Exchange volition suspend trading and statesman delisting proceedings aft the institution fell beneath the $1 minimum mean stock terms request implicit 30 trading days.

The NYSE volition suspend trading of the company's Class A communal banal and warrants and displacement them to the OTC market, wherever they are expected to statesman trading nether the aforesaid ticker connected March 26, 2026.

FiscalNote is evaluating an entreaty to the NYSE's Listing Qualifications Panel, though occurrence is not assured. The determination allows shares to proceed trading connected an alternate platform.

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The update comes arsenic FiscalNote implements a restructuring plan, including a 25% workforce reduction. The program besides includes a astir 19% chopped successful currency operating costs to amended margins.

The institution aims to make affirmative escaped currency travel implicit the 12 months starting April 1, 2026.

The institution has completed migrating customers disconnected its bequest level successful 2025 and is continuing its displacement to PolicyNote successful 2026, citing stronger engagement and aboriginal signs of improved retention.

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FiscalNote is expanding its PolicyNote API, including infrastructure to enactment AI agents from providers specified arsenic Anthropic, OpenAI, Google Gemini, and Microsoft, alongside a caller integration that enables entree to its information wrong ChatGPT.

The institution is besides entering the governmental predictions marketplace with products specified arsenic prediction markets, extremity sheets, and fantasy-style formats. Its committee is reviewing strategical options, including imaginable divestitures of non-core assets, with nary acceptable timeline for updates.

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