Stonehill Capital Amends FiscalNote Holdings Stake

TL;DR

**Stonehill Capital still holds a big chunk of FiscalNote, signaling continued passive interest.**

AI Summary

Stonehill Capital Management LLC, along with its affiliates and several individuals including John Motulsky and Jonathan Sacks, filed an amended SC 13G/A on January 31, 2024, indicating their collective ownership of FiscalNote Holdings, Inc. Class A Common Stock as of December 31, 2023. This filing updates their previous disclosure, showing their continued significant stake in the company. For investors, this matters because it signals that a major institutional investor and its associated individuals maintain a substantial, albeit passive, interest in FiscalNote, which can be interpreted as a vote of confidence or at least a continued belief in the company's long-term prospects.

Why It Matters

This filing shows that Stonehill Capital Management and its affiliates continue to hold a significant, passive stake in FiscalNote Holdings, Inc., providing transparency into major shareholder positions.

Risk Assessment

Risk Level: low — This is an amendment to a passive ownership filing, indicating no immediate change in strategy or significant new risks.

Analyst Insight

An investor should note that a significant institutional holder and its affiliates continue to maintain a passive stake in FiscalNote Holdings, Inc. This indicates no immediate change in their investment thesis, but also no aggressive moves. It's a data point for understanding the shareholder base, not a direct buy/sell signal.

Key Players & Entities

• Stonehill Capital Management LLC (company) — the reporting person filing the SC 13G/A
• FiscalNote Holdings, Inc. (company) — the subject company whose Class A Common Stock is being reported
• John Motulsky (person) — a group member associated with the reporting persons
• Jonathan Sacks (person) — a group member associated with the reporting persons
• December 31, 2023 (date) — the date of the event requiring the filing

FAQ

Key Financial Figures

• $0.0001 — suer) Class A Common Stock, par value $0.0001 per share (Title of Class of Securiti

Filing Documents

• d763392dsc13ga.htm (SC 13G/A) — 149KB
• 0001193125-24-020986.txt ( ) — 151KB

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: January 31, 2024 STONEHILL CAPITAL MANAGEMENT LLC* By: /s/ Paul D. Malek Paul D. Malek An Authorized Signatory of a Member FPO FN NOTEHOLDER LLC* By: /s/ Paul D. Malek Paul D. Malek An Authorized Signatory of a Member STONEHILL MASTER FUND LTD.* By: /s/ Paul D. Malek Paul D. Malek An Authorized Signatory of Stonehill General Partner, LLC, its investment adviser STONEHILL INSTITUTIONAL PARTNERS, L.P. * By: /s/ Paul D. Malek Paul D. Malek An Authorized Signatory of Stonehill General Partner, LLC, its general partner JOHN MOTULSKY* /s/ Paul D. Malek Paul D. Malek Attorney-in-Fact for John Motulsky JONATHAN SACKS* /s/ Paul D. Malek Paul D. Malek Attorney-in-Fact for Jonathan Sacks PETER SISITSKY* /s/ Paul D. Malek Paul D. Malek Attorney-in-Fact for Peter Sisitsky MICHAEL THOYER* /s/ Paul D. Malek Paul D. Malek Attorney-in-Fact for Michael Thoyer MICHAEL STERN* /s/ Paul D. Malek Paul D. Malek Attorney-in-Fact for Michael Stern SAMIR ARORA* /s/ Paul D. Malek Paul D. Malek Attorney-in-Fact for Samir Arora * The Reporting Persons disclaim beneficial ownership in the shares reported herein except to the extent of their pecuniary interest therein, and this report shall not otherwise be deemed an admission that any of them is the beneficial owner of such securities for purposes of Section 13(d) or Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes.

View Full Filing

View this SC 13G/A filing on SEC EDGAR