secwatch.observer — SEC 8-K summary
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Issuer:     MARKETWISE, INC. (MKTW)
CIK:        0001805651
Form:       8-K
Filed at:   2021-07-28T23:59:59+00:00
Accession:  0001628280-21-014543
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.01, 9.01, 3.01, 3.03, 4.01, 5.01, 5.02, 5.06
LLM model:  deepseek-v4-flash:cloud@v2

MarketWise completes de-SPAC business combination, begins trading on Nasdaq
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1805651/000162828021014543/0001628280-21-014543-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1805651/000162828021014543/super8-k.htm
  HTML page:      https://secwatch.observer/filing/0001628280-21-014543

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer