NYSE to Commence Delisting Proceedings Against FiscalNote Holdings, Inc. (NOTE)

NEW YORK--(BUSINESS WIRE)--The New York Stock Exchange (“NYSE”, the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the two securities enumerated below (“Securities”) of FiscalNote Holdings, Inc. (the “Company”) from the Exchange. Trading in the Company’s Securities will be suspended immediately.

Symbol	Description
NOTE	Class A common stock, par value $0.0001 per share
NOTE.WS	Warrants to purchase 0.131 shares of Class A common stock, each at an exercise price of $11.50 per warrant

NYSE Regulation reached its decision to delist the Company’s Securities pursuant to Section 802.01C of the NYSE’s Listed Company Manual because the Company failed to maintain an average closing price of a security as reported on the consolidated tape of at least $1.00 over a consecutive 30 trading-day period and the Company had effected a reverse stock split over the prior one-year period.

The Company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange. The NYSE will apply to the Securities and Exchange Commission to delist the Company’s Securities upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision.