FiscalNote is trading 7.5% down at $0.09 as selling pressure continues following its transition to OTC trading and a major corporate restructuring.
- The stock remains under pressure after being delisted from the NYSE, a move that has led to a continued decline in the over-the-counter market.
- The company is currently executing a broad restructuring plan, which includes a 25% reduction in its workforce to streamline operations.
- Market analysts suggest the current price action is a continuation of the post-delisting sell-off rather than a reaction to a new catalyst.