--- schema_version: "secwatch.filing_event.v1" accession: "0001628280-21-014543" form_type: "8-K" ticker: "MKTW" cik: "0001805651" company_name: "MARKETWISE, INC." filed_at: "2021-07-28T23:59:59+00:00" generated_at: "2026-06-30T01:46:17.990656+00:00" event_type: "m_and_a" sentiment: "neutral" materiality_score: 0.8 calibrated_materiality_score: 0.8 confidence: "high" source: SEC EDGAR --- # MarketWise completes de-SPAC business combination, begins trading on Nasdaq ## Summary - PIPE investors purchased 15M shares at $10.00 for aggregate $150M. - Existing MarketWise equityholders own 91.2% of combined company; public shareholders own 0.1%. - MarketWise Class A common stock and warrants began trading on Nasdaq under MKTW and MKTWW on July 22, 2021. - ADAC units ceased trading on NYSE upon closing of the transaction. - MarketWise contributed $120M to MarketWise, LLC as managing member of the operating company. ## SEC filing metadata - accession: 0001628280-21-014543 - form_type: 8-K - ticker: MKTW - cik: 0001805651 - company_name: MARKETWISE, INC. - filed_at: 2021-07-28T23:59:59+00:00 - event_type: m_and_a - sentiment: neutral - materiality_score: 0.8 - calibrated_materiality_score: 0.8 - confidence: high - sec_items: 1.01, 2.01, 9.01, 3.01, 3.03, 4.01, 5.01, 5.02, 5.06 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1805651/000162828021014543/0001628280-21-014543-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1805651/000162828021014543/super8-k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001628280-21-014543 - JSON: https://secwatch.observer/filing/0001628280-21-014543.json - Plain text: https://secwatch.observer/filing/0001628280-21-014543.txt ## Key facts - Executive change Diane Nelson departed as Director at MARKETWISE, INC.. - Action: ceased serving - Role: Director source text: David Gomberg, Robert Foreman, Michael Jesselson, Diane Nelson, and Mickie Rosen ceased serving on ADAC's board of directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1805651/000162828021014543/0001628280-21-014543-index.htm - Executive change Cynthia Cherry was appointed as Senior Director of Human Resources at MARKETWISE, INC.. - Action: appointed - Role: Senior Director of Human Resources source text: Mark Arnold was appointed as MarketWise's Chairman, Chief Executive Officer, and President, Dale Lynch was appointed as MarketWise's Chief Financial Officer, Marco Ferri was appointed as MarketWise's Director of Business Development, Gary Anderson was appointed as MarketWise's General Counsel, Marco Galsim was appointed as MarketWise's Chief Information Officer, and Cynthia Cherry was appointed as MarketWise's Senior Director of Human Resources. evidence_url: https://www.sec.gov/Archives/edgar/data/1805651/000162828021014543/0001628280-21-014543-index.htm - Executive change Michael Palmer was appointed as Director at MARKETWISE, INC.. - Action: appointed - Role: Director source text: Mark Arnold, Mark Gerhard, Riaan Hodgson, Michael Palmer, Stephen Sjuggerud, Manuel Borges, Elizabeth Burton, Paul Idzik, and Van Simmons were appointed as directors of MarketWise evidence_url: https://www.sec.gov/Archives/edgar/data/1805651/000162828021014543/0001628280-21-014543-index.htm - Executive change Marco Ferri was appointed as Director of Business Development at MARKETWISE, INC.. - Action: appointed - Role: Director of Business Development source text: Mark Arnold was appointed as MarketWise's Chairman, Chief Executive Officer, and President, Dale Lynch was appointed as MarketWise's Chief Financial Officer, Marco Ferri was appointed as MarketWise's Director of Business Development, Gary Anderson was appointed as MarketWise's General Counsel, Marco Galsim was appointed as MarketWise's Chief Information Officer, and Cynthia Cherry was appointed as MarketWise's Senior Director of Human Resources. evidence_url: https://www.sec.gov/Archives/edgar/data/1805651/000162828021014543/0001628280-21-014543-index.htm - Executive change Gary Anderson was appointed as General Counsel at MARKETWISE, INC.. - Action: appointed - Role: General Counsel source text: Mark Arnold was appointed as MarketWise's Chairman, Chief Executive Officer, and President, Dale Lynch was appointed as MarketWise's Chief Financial Officer, Marco Ferri was appointed as MarketWise's Director of Business Development, Gary Anderson was appointed as MarketWise's General Counsel, Marco Galsim was appointed as MarketWise's Chief Information Officer, and Cynthia Cherry was appointed as MarketWise's Senior Director of Human Resources. evidence_url: https://www.sec.gov/Archives/edgar/data/1805651/000162828021014543/0001628280-21-014543-index.htm - Executive change Manuel Borges was appointed as Director at MARKETWISE, INC.. - Action: appointed - Role: Director source text: Mark Arnold, Mark Gerhard, Riaan Hodgson, Michael Palmer, Stephen Sjuggerud, Manuel Borges, Elizabeth Burton, Paul Idzik, and Van Simmons were appointed as directors of MarketWise evidence_url: https://www.sec.gov/Archives/edgar/data/1805651/000162828021014543/0001628280-21-014543-index.htm - Executive change Paul Idzik was appointed as Director at MARKETWISE, INC.. - Action: appointed - Role: Director source text: Mark Arnold, Mark Gerhard, Riaan Hodgson, Michael Palmer, Stephen Sjuggerud, Manuel Borges, Elizabeth Burton, Paul Idzik, and Van Simmons were appointed as directors of MarketWise evidence_url: https://www.sec.gov/Archives/edgar/data/1805651/000162828021014543/0001628280-21-014543-index.htm - Executive change Mark Arnold was appointed as Chairman, Chief Executive Officer, and President at MARKETWISE, INC.. - Action: appointed - Role: Chairman, Chief Executive Officer, and President source text: Mark Arnold was appointed as MarketWise's Chairman, Chief Executive Officer, and President, Dale Lynch was appointed as MarketWise's Chief Financial Officer, Marco Ferri was appointed as MarketWise's Director of Business Development, Gary Anderson was appointed as MarketWise's General Counsel, Marco Galsim was appointed as MarketWise's Chief Information Officer, and Cynthia Cherry was appointed as MarketWise's Senior Director of Human Resources. evidence_url: https://www.sec.gov/Archives/edgar/data/1805651/000162828021014543/0001628280-21-014543-index.htm - Executive change Marco Galsim was appointed as Chief Information Officer at MARKETWISE, INC.. - Action: appointed - Role: Chief Information Officer source text: Mark Arnold was appointed as MarketWise's Chairman, Chief Executive Officer, and President, Dale Lynch was appointed as MarketWise's Chief Financial Officer, Marco Ferri was appointed as MarketWise's Director of Business Development, Gary Anderson was appointed as MarketWise's General Counsel, Marco Galsim was appointed as MarketWise's Chief Information Officer, and Cynthia Cherry was appointed as MarketWise's Senior Director of Human Resources. evidence_url: https://www.sec.gov/Archives/edgar/data/1805651/000162828021014543/0001628280-21-014543-index.htm - Executive change Van Simmons was appointed as Director at MARKETWISE, INC.. - Action: appointed - Role: Director source text: Mark Arnold, Mark Gerhard, Riaan Hodgson, Michael Palmer, Stephen Sjuggerud, Manuel Borges, Elizabeth Burton, Paul Idzik, and Van Simmons were appointed as directors of MarketWise evidence_url: https://www.sec.gov/Archives/edgar/data/1805651/000162828021014543/0001628280-21-014543-index.htm - Executive change Stephen Sjuggerud was appointed as Director at MARKETWISE, INC.. - Action: appointed - Role: Director source text: Mark Arnold, Mark Gerhard, Riaan Hodgson, Michael Palmer, Stephen Sjuggerud, Manuel Borges, Elizabeth Burton, Paul Idzik, and Van Simmons were appointed as directors of MarketWise evidence_url: https://www.sec.gov/Archives/edgar/data/1805651/000162828021014543/0001628280-21-014543-index.htm - Executive change Michael Jesselson departed as Director at MARKETWISE, INC.. - Action: ceased serving - Role: Director source text: David Gomberg, Robert Foreman, Michael Jesselson, Diane Nelson, and Mickie Rosen ceased serving on ADAC's board of directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1805651/000162828021014543/0001628280-21-014543-index.htm - Executive change Mark Gerhard was appointed as Director at MARKETWISE, INC.. - Action: appointed - Role: Director source text: Mark Arnold, Mark Gerhard, Riaan Hodgson, Michael Palmer, Stephen Sjuggerud, Manuel Borges, Elizabeth Burton, Paul Idzik, and Van Simmons were appointed as directors of MarketWise evidence_url: https://www.sec.gov/Archives/edgar/data/1805651/000162828021014543/0001628280-21-014543-index.htm - Executive change Dale Lynch was appointed as Chief Financial Officer at MARKETWISE, INC.. - Action: appointed - Role: Chief Financial Officer source text: Mark Arnold was appointed as MarketWise's Chairman, Chief Executive Officer, and President, Dale Lynch was appointed as MarketWise's Chief Financial Officer, Marco Ferri was appointed as MarketWise's Director of Business Development, Gary Anderson was appointed as MarketWise's General Counsel, Marco Galsim was appointed as MarketWise's Chief Information Officer, and Cynthia Cherry was appointed as MarketWise's Senior Director of Human Resources. evidence_url: https://www.sec.gov/Archives/edgar/data/1805651/000162828021014543/0001628280-21-014543-index.htm - Executive change Elizabeth Burton was appointed as Director at MARKETWISE, INC.. - Action: appointed - Role: Director source text: Mark Arnold, Mark Gerhard, Riaan Hodgson, Michael Palmer, Stephen Sjuggerud, Manuel Borges, Elizabeth Burton, Paul Idzik, and Van Simmons were appointed as directors of MarketWise evidence_url: https://www.sec.gov/Archives/edgar/data/1805651/000162828021014543/0001628280-21-014543-index.htm - Executive change David Gomberg departed as Director at MARKETWISE, INC.. - Action: ceased serving - Role: Director source text: David Gomberg, Robert Foreman, Michael Jesselson, Diane Nelson, and Mickie Rosen ceased serving on ADAC's board of directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1805651/000162828021014543/0001628280-21-014543-index.htm - Executive change Riaan Hodgson was appointed as Director at MARKETWISE, INC.. - Action: appointed - Role: Director source text: Mark Arnold, Mark Gerhard, Riaan Hodgson, Michael Palmer, Stephen Sjuggerud, Manuel Borges, Elizabeth Burton, Paul Idzik, and Van Simmons were appointed as directors of MarketWise evidence_url: https://www.sec.gov/Archives/edgar/data/1805651/000162828021014543/0001628280-21-014543-index.htm - Executive change Mickie Rosen departed as Director at MARKETWISE, INC.. - Action: ceased serving - Role: Director source text: David Gomberg, Robert Foreman, Michael Jesselson, Diane Nelson, and Mickie Rosen ceased serving on ADAC's board of directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1805651/000162828021014543/0001628280-21-014543-index.htm - Executive change Robert Foreman departed as Director at MARKETWISE, INC.. - Action: ceased serving - Role: Director source text: David Gomberg, Robert Foreman, Michael Jesselson, Diane Nelson, and Mickie Rosen ceased serving on ADAC's board of directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1805651/000162828021014543/0001628280-21-014543-index.htm - Executive change Mark Arnold was appointed as Director at MARKETWISE, INC.. - Action: appointed - Role: Director source text: Mark Arnold, Mark Gerhard, Riaan Hodgson, Michael Palmer, Stephen Sjuggerud, Manuel Borges, Elizabeth Burton, Paul Idzik, and Van Simmons were appointed as directors of MarketWise evidence_url: https://www.sec.gov/Archives/edgar/data/1805651/000162828021014543/0001628280-21-014543-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.