Exit from pre-IPO FiscalNote is delayed

The exit process has been delayed on the side of our counterparty, the fund through which we invested in FiscalNote.

Due to administrative problems, the fund needed to open a new brokerage account – for the past two months it has been working with a new broker responsible for the distribution of shares.

There is now a KYC data check on all investors and a thorough review of each transfer, which has delayed the timeline for delivery of the shares.

The fund expects to settle the documentary issues within 3-4 weeks, unless there are problems with the brokerage account again. We, for our part, are doing our best to speed up the process of delivering the shares.

We will keep you informed!