---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-015716"
form_type: "8-K"
ticker: "MKTW"
cik: "0001805651"
company_name: "MARKETWISE, INC."
filed_at: "2025-03-31T23:59:59+00:00"
generated_at: "2026-05-24T02:08:05.150150+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# MarketWise faces Nasdaq delisting, files appeal; enacts 1-for-20 reverse split

## Summary
- Received Nasdaq delisting determination on March 25, 2025 for bid price below $1.00 for 30 consecutive days; appealed to Hearings Panel on March 31.
- 1-for-20 reverse stock split effective April 2, 2025; trading on adjusted basis starts April 3, 2025, under symbol MKTW.
- Post-split Class A shares reduce from ~49.5M to ~2.47M; Class B from ~276.6M to ~13.8M.
- Authorized Class A reduced from 950M to 47.5M; Class B from 300M to 15M; fractional shares paid in cash.
- Reverse split aims to regain Nasdaq minimum bid price compliance and attract institutional investors.

## SEC filing metadata
- accession: 0001628280-25-015716
- form_type: 8-K
- ticker: MKTW
- cik: 0001805651
- company_name: MARKETWISE, INC.
- filed_at: 2025-03-31T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 3.01, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1805651/000162828025015716/0001628280-25-015716-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1805651/000162828025015716/mktw-20250331.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-015716
- JSON: https://secwatch.observer/filing/0001628280-25-015716.json
- Plain text: https://secwatch.observer/filing/0001628280-25-015716.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805651/000162828025015716/0001628280-25-015716-index.htm
- Governance Changes
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805651/000162828025015716/0001628280-25-015716-index.htm

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