MarketWise, Inc. Files 8-K on Financials

Ticker: MKTW · Form: 8-K · Filed: Jan 15, 2025 · CIK: 1805651

Marketwise, Inc. 8-K Filing Summary
FieldDetail
CompanyMarketwise, Inc. (MKTW)
Form Type8-K
Filed DateJan 15, 2025
Risk Levellow
Pages2
Reading Time3 min
Key Dollar Amounts$0.0001, $0.03
Sentimentneutral

Sentiment: neutral

Topics: financial-reporting, sec-filing, operations

TL;DR

MarketWise dropped an 8-K detailing its financials and operations.

AI Summary

MarketWise, Inc. filed an 8-K on January 15, 2025, reporting on its results of operations and financial condition. The filing also includes Regulation FD disclosures and financial statements. The company, formerly known as Ascendant Digital Acquisition Corp., is incorporated in Delaware and headquartered in Baltimore, Maryland.

Why It Matters

This 8-K filing provides investors with crucial updates on MarketWise, Inc.'s financial performance and operational status, enabling informed investment decisions.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of financial information and does not appear to contain any immediate negative news or significant changes.

Key Numbers

  • 001-39405 — SEC File Number (Identifies the company's filing with the SEC)
  • 87-1767914 — IRS Employer Identification No. (Company's tax identification number)

Key Players & Entities

  • MarketWise, Inc. (company) — Registrant
  • Ascendant Digital Acquisition Corp. (company) — Former company name
  • January 15, 2025 (date) — Date of report
  • 001-39405 (company) — SEC File Number
  • 1125 N. Charles St. Baltimore, Maryland 21201 (location) — Principal executive offices address

FAQ

What specific financial results are being reported in this 8-K?

The filing indicates it pertains to 'Results of Operations and Financial Condition' but does not detail specific figures within the provided text.

What is the significance of the 'Regulation FD Disclosure' item?

This indicates that the company is making public disclosures to prevent selective disclosure of material non-public information.

When did MarketWise, Inc. change its name from Ascendant Digital Acquisition Corp.?

The provided text does not specify the exact date of the name change, only that it occurred.

What is the company's primary business as indicated by its SIC code?

The company's SIC code is 7372, which corresponds to 'SERVICES-PREPACKAGED SOFTWARE'.

Where are MarketWise, Inc.'s principal executive offices located?

The principal executive offices are located at 1125 N. Charles St., Baltimore, Maryland 21201.

Filing Stats: 698 words · 3 min read · ~2 pages · Grade level 9.8 · Accepted 2025-01-15 08:22:32

Key Financial Figures

  • $0.0001 — which registered Class A common stock, $0.0001 par value per share MKTW The Nasdaq Sto
  • $0.03 — d to holders of Class A common stock of $0.03 per share. The dividend will be paid on

Filing Documents

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition. On January 15, 2025, MarketWise, Inc. issued a press release announcing preliminary selected unaudited financial and operational updates results for fourth quarter 2024. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is herein incorporated by reference. The foregoing information (including Exhibit 99.1) is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended ("Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. The Company has prepared a presentation concerning its business that it intends to use in connection with meetings with investors, analysts, and other interested parties. A copy of the presentation is furnished as Exhibit 99.2 hereto, incorporated herein by reference, and available on the Company's investor relations site at investors.marketwise.com . On January 15, 2025, MarketWise, Inc. issued a press release announcing that its Board of Directors declared a special dividend to holders of Class A common stock of $0.03 per share. The dividend will be paid on February 26, 2025. The Record Date is January 29, 2025. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information in Item 7.01 to this Current Report on Form 8-K (including Exhibits 99.1 and 99.2) is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 MarketWise, Inc. press release, dated January 15, 2025 99.2 Investor Presentation, dated January 15, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MarketWise, Inc. Date: January 15, 2025 By: /s/ Erik Mickels Name: Erik Mickels Title: Chief Financial Officer

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