---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-031516"
form_type: "8-K"
ticker: "MKTW"
cik: "0001805651"
company_name: "MARKETWISE, INC."
filed_at: "2024-07-09T23:59:59+00:00"
generated_at: "2026-05-31T22:38:21.772572+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# MarketWise signs non-binding term sheet to acquire Porter & Company for $40M

## Summary
- Acquisition of 100% of Porter & Company, LLC from F. Porter Stansberry for $40M purchase price.
- $10M cash and $30M secured promissory note payable over three years as deferred consideration.
- Seller to enter license/noncompetition agreement with 5-year restrictive covenants.
- Special Committee of Board, formed Dec 2023, leads negotiations; term sheet is non-binding.
- No assurance that definitive agreement will be reached or transaction consummated.

## SEC filing metadata
- accession: 0001628280-24-031516
- form_type: 8-K
- ticker: MKTW
- cik: 0001805651
- company_name: MARKETWISE, INC.
- filed_at: 2024-07-09T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1805651/000162828024031516/0001628280-24-031516-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1805651/000162828024031516/mktw-20240703.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-031516
- JSON: https://secwatch.observer/filing/0001628280-24-031516.json
- Plain text: https://secwatch.observer/filing/0001628280-24-031516.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.