0001193125-24-020986.txt : 20240131 0001193125-24-020986.hdr.sgml : 20240131 20240131163055 ACCESSION NUMBER: 0001193125-24-020986 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240131 DATE AS OF CHANGE: 20240131 GROUP MEMBERS: GPO FN NOTEHOLDER LLC GROUP MEMBERS: JOHN MOTULSKY GROUP MEMBERS: JONATHAN SACKS GROUP MEMBERS: MICHAEL STERN GROUP MEMBERS: MICHAEL THOYER GROUP MEMBERS: PETER SISITSKY GROUP MEMBERS: SAMIR ARORA GROUP MEMBERS: STONEHILL INSTITUTIONAL PARTNERS, L.P. GROUP MEMBERS: STONEHILL MASTER FUND LTD. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FiscalNote Holdings, Inc. CENTRAL INDEX KEY: 0001823466 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-91811 FILM NUMBER: 24583378 BUSINESS ADDRESS: STREET 1: 1201 PENNSYLVANIA AVENUE NW, 6TH FLOOR CITY: WASHINGTON STATE: DC ZIP: 20004 BUSINESS PHONE: 202 793-5300 MAIL ADDRESS: STREET 1: 1201 PENNSYLVANIA AVENUE NW, 6TH FLOOR CITY: WASHINGTON STATE: DC ZIP: 20004 FORMER COMPANY: FORMER CONFORMED NAME: Duddell Street Acquisition Corp. DATE OF NAME CHANGE: 20200902 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: STONEHILL CAPITAL MANAGEMENT LLC CENTRAL INDEX KEY: 0001266227 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 320 PARK AVE. STREET 2: 26TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212 739 7474 MAIL ADDRESS: STREET 1: 320 PARK AVE. STREET 2: 26TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: STONEHIL CAPITAL MANAGEMENT LLC DATE OF NAME CHANGE: 20031006 SC 13G/A 1 d763392dsc13ga.htm SC 13G/A SC 13G/A

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G/A

(Amendment No. 1)*

Under the Securities Exchange Act of 1934

 

 

FiscalNote Holdings, Inc.

(Name of Issuer)

Class A Common Stock, par value $0.0001 per share

(Title of Class of Securities)

337655 104

(CUSIP Number)

December 31, 2023

(Date of Event which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☒ Rule 13d-1(c)

☐ Rule 13d-1(d)

 

*

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

CUSIP No. 337655 104

 

 1   

NAMES OF REPORTING PERSONS

 

Stonehill Capital Management LLC

 2   

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ☐  (b) ☐

 

 3   

SEC USE ONLY

 

 4   

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware, USA

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH:

     5   

SOLE VOTING POWER

 

0

    6   

SHARED VOTING POWER

 

0

    7   

SOLE DISPOSITIVE POWER

 

0

    8   

SHARED DISPOSITIVE POWER

 

0

 9   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

10   

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

☐

11   

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

0%

12   

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

IA

CUSIP No. 337655 104

 

 1   

NAMES OF REPORTING PERSONS

 

GPO FN Noteholder LLC

 2   

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ☐  (b) ☐

 

 3   

SEC USE ONLY

 

 4   

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH:

     5   

SOLE VOTING POWER

 

0

    6   

SHARED VOTING POWER

 

0

    7   

SOLE DISPOSITIVE POWER

 

0

    8   

SHARED DISPOSITIVE POWER

 

0

 9   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

10   

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

☐

11   

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

0%

12   

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

OO

CUSIP No. 337655 104

 

 1   

NAMES OF REPORTING PERSONS

 

Stonehill Master Fund Ltd.

 2   

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ☐  (b) ☐

 

 3   

SEC USE ONLY

 

 4   

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH:

     5   

SOLE VOTING POWER

 

0

    6   

SHARED VOTING POWER

 

0

    7   

SOLE DISPOSITIVE POWER

 

0

    8   

SHARED DISPOSITIVE POWER

 

0

 9   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

10   

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

☐

11   

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

0%

12   

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

CO

CUSIP No. 337655 104

 

 1   

NAMES OF REPORTING PERSONS

 

Stonehill Institutional Partners, L.P.

 2   

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ☐  (b) ☐

 

 3   

SEC USE ONLY

 

 4   

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware, USA

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH:

     5   

SOLE VOTING POWER

 

0

    6   

SHARED VOTING POWER

 

0

    7   

SOLE DISPOSITIVE POWER

 

0

    8   

SHARED DISPOSITIVE POWER

 

0

 9   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

10   

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

☐

11   

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

0%

12   

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

PN

CUSIP No. 337655 104

 

 1   

NAMES OF REPORTING PERSONS

 

John Motulsky

 2   

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ☐  (b) ☐

 

 3   

SEC USE ONLY

 

 4   

CITIZENSHIP OR PLACE OF ORGANIZATION

 

USA

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH:

     5   

SOLE VOTING POWER

 

0

    6   

SHARED VOTING POWER

 

0

    7   

SOLE DISPOSITIVE POWER

 

0

    8   

SHARED DISPOSITIVE POWER

 

0

 9   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

10   

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

☐

11   

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

0%

12   

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

IN, HC

CUSIP No. 337655 104

 

 1   

NAMES OF REPORTING PERSONS

 

Jonathan Sacks

 2   

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ☐  (b) ☐

 

 3   

SEC USE ONLY

 

 4   

CITIZENSHIP OR PLACE OF ORGANIZATION

 

USA

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH:

     5   

SOLE VOTING POWER

 

0

    6   

SHARED VOTING POWER

 

0

    7   

SOLE DISPOSITIVE POWER

 

0

    8   

SHARED DISPOSITIVE POWER

 

0

 9   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

10   

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

☐

11   

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

0%

12   

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

IN, HC

CUSIP No. 337655 104

 

 1   

NAMES OF REPORTING PERSONS

 

Peter Sisitsky

 2   

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ☐  (b) ☐

 

 3   

SEC USE ONLY

 

 4   

CITIZENSHIP OR PLACE OF ORGANIZATION

 

USA

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH:

     5   

SOLE VOTING POWER

 

0

    6   

SHARED VOTING POWER

 

0

    7   

SOLE DISPOSITIVE POWER

 

0

    8   

SHARED DISPOSITIVE POWER

 

0

 9   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

10   

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

☐

11   

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

0%

12   

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

IN, HC

CUSIP No. 337655 104

 

 1   

NAMES OF REPORTING PERSONS

 

Michael Thoyer

 2   

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ☐   (b) ☐

 

 3   

SEC USE ONLY

 

 4   

CITIZENSHIP OR PLACE OF ORGANIZATION

 

USA

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH:

     5   

SOLE VOTING POWER

 

0

    6   

SHARED VOTING POWER

 

0

    7   

SOLE DISPOSITIVE POWER

 

0

    8   

SHARED DISPOSITIVE POWER

 

0

 9   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

10   

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

☐

11   

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

0%

12   

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

IN, HC

CUSIP No. 337655 104

 

 1   

NAMES OF REPORTING PERSONS

 

Michael Stern

 2   

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ☐   (b) ☐

 

 3   

SEC USE ONLY

 

 4   

CITIZENSHIP OR PLACE OF ORGANIZATION

 

USA

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH:

     5   

SOLE VOTING POWER

 

0

    6   

SHARED VOTING POWER

 

0

    7   

SOLE DISPOSITIVE POWER

 

0

    8   

SHARED DISPOSITIVE POWER

 

0

 9   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

10   

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

☐

11   

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

0%

12   

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

IN, HC

CUSIP No. 337655 104

 

 1   

NAMES OF REPORTING PERSONS

 

Samir Arora

 2   

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ☐   (b) ☐

 

 3   

SEC USE ONLY

 

 4   

CITIZENSHIP OR PLACE OF ORGANIZATION

 

USA

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH:

     5   

SOLE VOTING POWER

 

0

    6   

SHARED VOTING POWER

 

0

    7   

SOLE DISPOSITIVE POWER

 

0

    8   

SHARED DISPOSITIVE POWER

 

0

 9   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

10   

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

☐

11   

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

0%

12   

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

IN, HC

ITEM 1(a).

NAME OF ISSUER:

FiscalNote Holdings, Inc.

 

ITEM 1(b).

ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES:

12 Pennsylvania Avenue, 6th Floor, Washington D.C. 20004

 

ITEM 2(a).

NAME OF PERSON FILING:

This Schedule 13G is being filed on behalf of the following persons (the “Reporting Persons”):

 

(i)    Stonehill Capital Management LLC (“Management”)
(ii)    GPO FN Noteholder LLC (“GPO FN”)
(iii)    Stonehill Master Fund Ltd. (“Master Fund”)
(iv)    Stonehill Institutional Partners, L.P. (“Fund”)
(v)    John Motulsky (“Motulsky”)
(vi)    Jonathan Sacks (“Sacks”)
(vii)    Peter Sisitsky (“Sisitsky”)
(viii)    Michael Thoyer (“Thoyer”)
(ix)    Michael Stern (“Stern”)
(x)    Samir Arora (“Arora”)

 

ITEM 2(b).

ADDRESS OF PRINCIPAL BUSINESS OFFICE:

c/o Stonehill Capital Management LLC 320 Park Avenue, 26th Floor New York, NY 10022

 

ITEM 2(c).

CITIZENSHIP:

 

Management:

  

Delaware limited liability company

FPO NF:

  

Delaware limited liability company

Master Fund:

  

Cayman Island corporation

Fund:

  

Delaware limited partnership

Motulsky:

  

US Citizen

Sacks:

  

US Citizen

Sisitsky:

  

US Citizen

Thoyer:

  

US Citizen

Stern:

  

US Citizen

Arora:

  

US Citizen

 

ITEM 2(d).

TITLE OF CLASS OF SECURITIES:

Class A common stock, par value $0.0001 per share (the “Class A Common Stock”)

 

ITEM 2(e).

CUSIP NUMBER:

337655 104

 

ITEM 3.

IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B) OR (C) CHECK WHETHER THE PERSON FILING IS A:

Not applicable.

 

ITEM 4.

OWNERSHIP:

The information in items 1 and 5 through 11 on the cover pages of this Schedule 13G is hereby incorporated by reference into this Item 4.

ITEM 5.

OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:

If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities check the following. ☒

 

ITEM 6.

OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:

Not applicable.

 

ITEM 7.

IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:

Not applicable.

 

ITEM 8.

IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF A GROUP:

Not applicable.

 

ITEM 9.

NOTICE OF DISSOLUTION OF GROUP:

Not applicable.

 

ITEM 10.

CERTIFICATION

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

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.