secwatch / observer

MARKETWISE, INC. — fact timeline

Source-grounded facts extracted from MARKETWISE, INC.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

MKTW MARKETWISE, INC. JSON
Shareholder Votes

MARKETWISE, INC. shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2026-06-04 meeting.

“The stockholders ratified the appointment of Grant Thornton LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026, by the following votes: Votes For Votes Against Votes Abstained 14,415,900 2,416 246,035”
Shareholder Votes

MARKETWISE, INC. shareholders approved Say-on-Frequency Proposal at the 2026-06-04 meeting.

“The stockholders approved, on an advisory (non-binding) basis, one year as the interval for future Say-on-Pay votes , by the following votes: One Year Two Years Three Years Abstain Broker Non-Votes 7,615,818 99,163 5,879,057 29,690 1,040,623”
Shareholder Votes

MARKETWISE, INC. shareholders rejected Say-on-Pay Proposal at the 2026-06-04 meeting.

“The stockholders did not approve, on an advisory (non-binding) basis, the compensation of our named executive officers , by the following votes: Votes For Votes Against Votes Abstained Broker Non-Votes 6,117,351 7,476,751 29,626 1,040,623”
Shareholder Votes

MARKETWISE, INC. shareholders approved Election of Directors at the 2026-06-04 meeting.

“The stockholders elected Matthew Turner to serve as a Class II director until the 2029 Annual Meeting of Stockholders, by the following votes: Nominee Votes For Votes Withheld Broker Non-Votes Matthew Turner 13,366,939 256,789 1,040,623”
Earnings Releases

MARKETWISE, INC. updated its first quarter ended March 31, 2026 guidance (reaffirmed).

“On May 7, 2026, MarketWise, Inc. (the “Company”) issued an earnings press release announcing its financial results for the first quarter ended March 31, 2026.”
Material Agreements

MARKETWISE, INC. entered into Settlement Agreement with Mark P. Arnold and JAMA 2021, LLC valued at $12,160,000 (effective 2026-04-21).

“On April 21, 2026, Marketwise, Inc. (the “Company”) and its subsidiary, MarketWise, LLC (together with the Company, “MarketWise”), entered into a Settlement Agreement and Release (the “Settlement Agreement”) with Mark P. Arnold, the Company’s former Chief Executive Officer, and JAMA 2021, LLC (together with Mr. Arnold, the “Arnold Parties”).”
Earnings Releases

MARKETWISE, INC. updated its first quarter 2026 guidance (reaffirmed).

“On April 13, 2026, MarketWise, Inc. issued a press release announcing preliminary selected unaudited financial and operational updates results for first quarter 2026.”
Earnings Releases

MARKETWISE, INC. updated its the fourth quarter ended December 31, 2025 guidance (raised).

“On March 6, 2026, MarketWise, Inc. (the “Company”) issued an earnings press release announcing its financial results for the fourth quarter ended December 31, 2025.”

Dr. David Eifrig was appointed as Chief Executive Officer at MARKETWISE, INC..

“On May 23, 2025, the Board voted to appoint Dr. David Eifrig as Chief Executive Officer on a permanent basis.”
Listing & Compliance Notices

MARKETWISE, INC. received a nasdaq delisting notice notice regarding minimum bid price (rules 5450(a)(1)).

“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”
Governance Changes

MARKETWISE, INC.: Amended Certificate of Incorporation to effect a 1-for-20 reverse stock split of common stock (effective 2025-04-02).

“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.”
Auditor Changes

MARKETWISE, INC. dismissed Deloitte & Touche LLP as its auditor.

“On March 14, 2025, the Audit Committee of the Board of Directors of MarketWise, Inc. (the "Company") approved the dismissal of Deloitte & Touche LLP as the Company's independent registered public accounting firm.”

Chad Curlett resigned as Chief Operating Officer at MARKETWISE, INC..

“On August 19, 2024, Chad Curlett, Chief Operating Officer of MarketWise, Inc., a Delaware corporation (the “Company”), resigned from the Company.”

Matthew Turner was appointed as Acting Chairman of the Board at MARKETWISE, INC..

“On August 10, 2024, the Board appointed Matthew Turner, currently a director of the Company, to serve as Acting Chairman of the Board, effective immediately.”

Dr. David Eifrig was appointed as Interim Chief Executive Officer at MARKETWISE, INC..

“On August 10, 2024, the Board appointed Dr. David Eifrig, currently a director of the Company, to serve as interim Chief Executive Officer, effective immediately.”
Earnings Releases

MARKETWISE, INC. reported the first quarter ended March 31, 2024 results: revenue $109.0 million, net income $22.7 million.

“For the first quarter of 2024, MarketWise generated net income of $22.7 million on Generally Accepted Accounting Principles (GAAP) net revenue of $109.0 million.”
Earnings Releases

MARKETWISE, INC. reported the fourth quarter ended December 31, 2023 results: revenue $112.2 million, net income $1.9 million.

“For the fourth quarter of 2023, MarketWise generated net income of $1.9 million on GAAP net revenue of $112.2 million.”
Restructurings & Charges

MARKETWISE, INC. announced a restructuring affecting Legacy Research Group business (Legacy Research) (104 employees at Legacy Research, which represents approximately 18% of the Company’s total employees, who will either b).

“On February 8, 2024, the Board of Directors (the “Board”) of MarketWise, Inc. (the “Company”), committed to a strategic realignment and reorganization plan (the “Reorganization”) impacting its Legacy Research Group business (“Legacy Research”). As part of the Reorganization, the Company will wind-down the operations of Legacy Research.”

Charles N. Curlett, Jr. was appointed as Chief Operating Officer at MARKETWISE, INC..

“MarketWise, Inc. (the “Company” or “MarketWise”) has appointed Charles N. Curlett, Jr. to serve as Chief Operating Officer of the Company, effective as of November 10, 2023.”
Earnings Releases

MARKETWISE, INC. reported the third quarter ended September 30, 2023 results: revenue $106.2 million, net income $12.0 million.

“and improving the quality of our products. Third Quarter 2023 GAAP Results For the third quarter of 2023, MarketWise generated net income of $12.0 million on GAAP net revenue of $106.2 million. For the nine months ended September 30, 2023, MarketWise reported net income of $52.4 million on GAAP net revenue of $336.0 million. This compares with last year’s third-quarter”
Listing & Compliance Notices

MARKETWISE, INC. received a nasdaq noncompliance notice notice regarding audit committee (rules 5605(c)(2)(A), 5605(c)(4)(B)).

“October 19, 2023, MarketWise, Inc. (the “Company”) notified The Nasdaq Listing Qualifications Department (“Nasdaq”) that due to the resignations of Mark Gerhard and Riaan Hodgson from the board of directors of the Company (the “Board”), as previously disclosed on the Company’s Current Report filed on Form 8-K on October 23, 2023, the Company was no longer in compliance with Nasdaq Listing Rule 5605(c)(2)(A), which requires the Audit Committee to be comprised of a minimum of three independent directors. Pursuant to Nasdaq Listing Rule 5605(c)(4)(B), the Company is entitled to a cure period to r”

Amber Mason was terminated as Chief Executive Officer at MARKETWISE, INC..

“As previously reported, on October 17, 2023, the Board approved the mutual termination of Amber Mason as Chief Executive Officer of the Company, effectively immediately.”
Listing & Compliance Notices

MARKETWISE, INC. received a nasdaq deficiency notice notice regarding audit committee (rules 5605, 5605(c)(4)).

“October 19, 2023, MarketWise, Inc. (the “Company”) notified the Nasdaq Listing Qualifications Department (“Nasdaq”) that, due to the resignation of Mark Gerhard and Riaan Hodgson (as described herein), the Company no longer complies with Nasdaq’s audit committee composition requirements as set forth in Listing Rule 5605. The Company informed Nasdaq that it intends to regain compliance with Listing Rule 5605 within the 180-day cure period provided under Listing Rule 5605(c)(4). To that end, the Board of Directors (the “Board”) of the Company is currently seeking to identify director candidates”

Riaan Hodgson resigned as Director at MARKETWISE, INC..

“On October 18, 2023, Mark Gerhard and Riaan Hodgson resigned from the Board, effective immediately.”

Mark Gerhard resigned as Director at MARKETWISE, INC..

“On October 18, 2023, Mark Gerhard and Riaan Hodgson resigned from the Board, effective immediately.”

Amber Mason departed as Chief Executive Officer and Director at MARKETWISE, INC..

“In connection with Mr. Stansberry's appointment, the Board and Amber Mason agreed that Ms. Mason would step down as Chief Executive Officer and resign as a member of the Board, effective immediately.”

F. Porter Stansberry was appointed as Chief Executive Officer and Chairman at MARKETWISE, INC..

“On October 17, 2023, the Board appointed F. Porter Stansberry to serve as Chief Executive Officer of the Company and Chairman of the Board, effective immediately.”

Marco Ferri was terminated as Chief Corporate Development Officer at MARKETWISE, INC..

“On October 18, 2023, MarketWise, Inc. (the “Company”) announced the termination of Marco Ferri as Chief Corporate Development Officer of the Company without cause, effective October 13, 2023.”
Material Agreements

MARKETWISE, INC. entered into Agreement with Frank Porter Stansberry valued at Agreement to increase Board size, appoint director, stock lock-up, voting commitments (effective 2023-09-08).

“On September 8, 2023, MarketWise, Inc. (the “Company”) entered into an Agreement (the “Agreement”) by and among the Company, Frank Porter Stansberry and Stokes Holding, LLC (collectively, the “Investors”).”

Frank Porter Stansberry was appointed as Director at MARKETWISE, INC..

“On September 8, 2023, pursuant to the Agreement, the Company appointed Mr. Stansberry as a Class III member of the Board, effective immediately.”
Earnings Releases

MARKETWISE, INC. reported second quarter ended June 30, 2023 results: revenue $103.6 million, net income $9.7 million.

“EX-99.1 (EX-99.1) --- MarketWise Reports Financial Results for Second Quarter 2023 ~ Total Subscribers of 16.7 Million, Including 750 Thousand Paid Subscribers ~ ~ Revenues of $103.6 Million ~ ~ Billings of $96.2 Million ~ ~ Net Income of $9.7 Million ~ ~ CFFO and Adjusted CFFO of $29.0 Million ~ BALTIMORE, MD -- (GLOBE NEWSWIRE)—MarketWise, Inc. (NASDAQ: MKTW)”

Erik Mickels was appointed as Chief Financial Officer at MARKETWISE, INC..

“MarketWise, Inc. (the “Company” or “MarketWise”) has appointed Erik Mickels as Chief Financial Officer of the Company, effective August 15, 2023”
Shareholder Votes

MARKETWISE, INC. shareholders approved Ratification of the Appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the year ending December 31, 2023 at the 2023-06-30 meeting.

“Proposal 2 - Ratification of the Appointment of Independent Registered Public Accounting Firm The stockholders ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2023, by the following votes”
Shareholder Votes

MARKETWISE, INC. shareholders approved Election of Class II Directors at the 2023-06-30 meeting.

“Proposal 1 - Election of Directors Amber Mason, Mark Gerhard and Matthew Turner were each elected to serve as Class II directors until the 2026 Annual Meeting of Stockholders and until their respective successors shall have been duly elected and qualified, by the following votes”
Listing & Compliance Notices

MARKETWISE, INC. received a nasdaq deficiency notice notice regarding audit committee (rules 5605).

“May 9, 2023, MarketWise, Inc. (the “Company”) received a notice (the “Notice”) from the Nasdaq Listing Qualifications department (“Nasdaq”). The Notice indicated that, due to the resignation of Mr. Manuel Borges from the audit committee (the “Audit Committee”) of the board of directors (the “Board”) of the Company (in connection with his resignation from the Board), the Company no longer complies with Nasdaq’s audit committee requirements as set forth in Listing Rule 5605. Listing Rule 5605 requires, among other things, that the Audit Committee be comprised of a minimum of three independent di”

Manuel Borges resigned as Director at MARKETWISE, INC..

“In connection with Mr. Tongue’s appointment as a member of the Board, Mr. Manuel Borges resigned as a director of the Company.”

Glenn Tongue was appointed as Director at MARKETWISE, INC..

“on May 1, 2023, the Company appointed Mr. Tongue as a member of the Board, effective immediately.”
Earnings Releases

MARKETWISE, INC. reported first quarter ended March 31, 2023 results: revenue $126.2 Million, net income $30.6 Million.

“MarketWise Reports Financial Results for First Quarter 2023 ~ Revenues of $126.2 Million ~ ~ Billings of $97.2 Million ~ ~ Net Income of $30.6 Million ~”
Material Agreements

MARKETWISE, INC. entered into Settlement Agreement with F. Porter Stansberry and Stokes Holdings, LLC (effective 2023-04-28).

“On April 28, 2023, MarketWise, Inc. (the “Company”) entered into a Settlement Agreement (the “Settlement Agreement”) by and among the Company, F. Porter Stansberry and Stokes Holdings, LLC (collectively, the “Investors”)”

Manuel Borges resigned as Director at MARKETWISE, INC..

“Mr. Manuel Borges resigned as a director of the Company”

Matthew Smith was appointed as Director at MARKETWISE, INC..

“the Company appointed Matthew Turner, David Eifrig, Glenn Tongue and Matthew Smith (the “New Directors”) as members of the Board, effective immediately.”

Glenn Tongue was appointed as Director at MARKETWISE, INC..

“the Company appointed Matthew Turner, David Eifrig, Glenn Tongue and Matthew Smith (the “New Directors”) as members of the Board, effective immediately.”

David Eifrig was appointed as Director at MARKETWISE, INC..

“the Company appointed Matthew Turner, David Eifrig, Glenn Tongue and Matthew Smith (the “New Directors”) as members of the Board, effective immediately.”

Matthew Turner was appointed as Director at MARKETWISE, INC..

“the Company appointed Matthew Turner, David Eifrig, Glenn Tongue and Matthew Smith (the “New Directors”) as members of the Board, effective immediately.”
Material Agreements

MARKETWISE, INC. entered into Voting Agreement with Monument & Cathedral Holdings, LLC and the other persons and entities listed on Schedule A thereto (effective 2023-04-17).

“On April 17, 2023, MarketWise, Inc. (the “Company”) entered into a Voting Agreement (the “Voting Agreement”) by and among the Company, Monument & Cathedral Holdings, LLC (“Monument”) and the other persons and entities listed on Schedule A thereto”
Earnings Releases

MARKETWISE, INC. reported the fourth quarter and year ended December 31, 2022 results: revenue Total net revenue $512.4 million, net income Net income of $101.2 million.

“set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- MarketWise Reports Fourth Quarter and Full Year 2022 Financial Results ~ FY 2022 Revenues of $512.4 Million ~ ~ FY 2022 Billings of $459.5 Million ~ ~ FY 2022 Net Income of $101.2 Million ~ ~ FY 2022 Adjusted CFFO of $59.3 Million ~ BALTIMORE, MD -- (GLOBE NEWSWIRE)—MarketWise, Inc.”

Stephen M. Park was appointed as interim Chief Financial Officer at MARKETWISE, INC..

“On March 7, 2023, MarketWise, Inc. (the “Company” or “MarketWise”) appointed Stephen M. Park, age 60, to serve as interim Chief Financial Officer of the Company, effective immediately.”

Paul Idzik departed as Lead Independent Director at MARKETWISE, INC..

“On March 1, 2023, Paul Idzik, who has served as the lead independent director of MarketWise, Inc. (the “Company”) since the completion of the Company’s initial business combination in July 2021, informed the Company that he will step down from the board of directors at the end of his current term, which coincides with the Company’s upcoming annual meeting of stockholders.”

James A. McGinness III resigned as Acting Chief Financial Officer and Corporate Controller at MARKETWISE, INC..

“On February 17, 2023, James A. McGinness III, the Acting Chief Financial Officer and Corporate Controller of MarketWise, Inc., a Delaware corporation (the “Company”), informed the Company of his decision to voluntarily resign.”

Stephen Sjuggerud departed as interim Chief Executive Officer at MARKETWISE, INC..

“Dr. Stephen Sjuggerud stepped down as interim Chief Executive Officer and resigned as a director of the Company.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.