Extracted from this filing and checked against the source text.
Listing & Compliance Notices
SEC 8-K Item 3.01
confidence 0.9
MARKETWISE, INC. received a nasdaq delisting notice notice regarding minimum bid price (rules 5450(a)(1)).
- Exchange
- nasdaq
- Notice
- delisting notice
- Deficiency
- minimum bid price
- Rules
- 5450(a)(1)
Exact text from the filing
March 25, 2025, the Company received a Staff determination letter stating that the Company had not regained compliance with the Bid Price Rule and that the Company’s common stock is subject to delisting from the Nasdaq Global Market. On March 31, 2025, the Company timely submitted a hearing request to appeal the Staff’s determination to a Hearings Panel (the “Panel”). The Company’s hearing request stays the delisting of the Company’s common stock and the filing of the Form 25-NSE pending the Panel’s decision. The Company previously obtained shareholder approval of a reverse stock split of 1-fo
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Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
MARKETWISE, INC.: Amended Certificate of Incorporation to effect a 1-for-20 reverse stock split of common stock (effective 2025-04-02).
- Change
- charter amendment
- Effective
- 2025-04-02
Exact text from the filing
On March 31, 2025, the Company filed an amendment (the “Amendment”) to its Certificate of Incorporation (as amended, the “Certificate of Incorporation”) with the Secretary of State of the State of Delaware to effect a reverse stock split of the Company’s common stock, par value $0.0001, at a ratio of 1-for-20 (the “Reverse Stock Split”), with an effective time of 5:00 p.m. Eastern Time on April 2, 2025.
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