Greenhaven Road Ups MarketWise Stake to 10.8%

TL;DR

Greenhaven Road now owns 10.8% of MarketWise, Inc. (MWSE) - watch this space.

AI Summary

Greenhaven Road Investment Management, L.P. and its affiliates have amended their Schedule 13D filing regarding MarketWise, Inc. As of June 5, 2024, they collectively beneficially own 11,347,000 shares of Class A Common Stock, representing 10.8% of the outstanding shares. This filing indicates a change in their ownership stake and potentially their investment strategy.

Why It Matters

This filing signals a significant ownership position by Greenhaven Road in MarketWise, Inc., which could influence company strategy or lead to further market activity.

Risk Assessment

Risk Level: medium — Significant changes in beneficial ownership can indicate activist intentions or a shift in investment strategy, introducing potential volatility.

Key Numbers

• 11,347,000 — Shares Owned (Beneficial ownership of MarketWise, Inc. Class A Common Stock by Greenhaven Road and affiliates.)
• 10.8% — Ownership Stake (Represents the percentage of MarketWise, Inc. Class A Common Stock beneficially owned by Greenhaven Road and affiliates.)

Key Players & Entities

• Greenhaven Road Investment Management, L.P. (company) — Filing entity
• MarketWise, Inc. (company) — Subject company
• GREENHAVEN ROAD CAPITAL FUND 1, L.P. (company) — Group member
• GREENHAVEN ROAD CAPITAL FUND 2, L.P. (company) — Group member
• MVM FUNDS, LLC (company) — Group member
• SCOTT STEWART MILLER (person) — Group member
• 11,347,000 (dollar_amount) — Number of shares owned
• 10.8% (dollar_amount) — Percentage of shares owned

FAQ

Key Financial Figures

• $0.0001 — r) Class A Common Stock, par value of $0.0001 (Title of Class of Securities) 5706
• $1.5809 — al Fund 1, L.P. 5/17/24 Sell 47,385 $1.5809 Greenhaven Road Capital Fund 2, L.P.

Filing Documents

• tm2415369d1_sc13da.htm (SC 13D/A) — 85KB
• 0001104659-24-068677.txt ( ) — 87KB

Interest in Securities of the Issuer

ITEM 5. Interest in Securities of the Issuer. (a)As of May 17, 2024 (the Event Date of this Statement) and May 22, 2024 (the filing date of this Statement), the Reporting Persons beneficially own: (i) Fund 1 directly owns 1,893,408 shares of Common Stock, representing 4.4% of all of the outstanding shares of Common Stock. (ii) Fund 2 directly owns 2,399,904 shares of Common Stock, representing 5.6% of all of the outstanding shares of Common Stock. (iii) The Investment Manager, as the investment manager of the Funds, may be deemed to beneficially own the 4,293,312 shares of Common Stock directly owned by the Funds, representing 9.9% of all of the outstanding shares of Common Stock. (iv) The General Partner, as the general partner of Fund 1, Fund 2 and the Investment Manager, may be deemed to beneficially own the 4,293,312 shares of Common Stock directly owned by the Funds, representing 9.9% of all of the outstanding shares of Common Stock. (v) Mr. Miller, as the Managing Member of the General Partner, may be deemed to beneficially own the 4,293,312 shares of Common Stock directly owned by the Funds, representing 9.9% of all of the outstanding shares of Common Stock. (vi) Collectively, the Reporting Persons beneficially own 4,293,312 shares of Common Stock, representing 9.9% of all of the outstanding shares of Common Stock. Each Reporting Person disclaims beneficial The foregoing percentages set forth in this response are based on 43,173,283 shares of Common Stock outstanding as of May 10, 2024, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the SEC on May 15, 2024. (b)The Funds have, and each of the Investment Manager, the General Partner and Mr. Miller may be deemed to have, the power to vote or direct the vote of and to dispose or direct the disposition of the 4,293,312 shares of Common Stock reported herein

View Full Filing

View this SC 13D/A filing on SEC EDGAR