FiscalNote (NOTE) said late Friday it will effect a 1-for-12 reverse stock split at 4:30 pm on Aug. 29.

The split-adjusted shares will begin trading on the New York Stock Exchange on Sept. 2 under the ticker NOTE, the company said.

Adjustments will be made to the company's warrants, resulting in each warrant becoming exercisable for around 0.131 class A shares at a per-warrant exercise price of $11.50 and an effective per-share price of $87.82, it added.