MARKETWISE, INC.
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 6, 2025
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Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
Issuer Purchases of Equity Securities
The following table sets forth the information with respect to purchases made by or on behalf of the Company of its common stock during the three months ended September 30, 2025:
| Period · Total Number of Shares Purchased (1) · Average Price Paid per Share · Total Number of Shares Purchased as Part of a Publicly Announced Plan · Maximum Dollar Value of Shares that May Yet Be Purchased Under the Plan (in thousands) | |||||
|---|---|---|---|---|---|
| July 1 to July 31, 2025 | 2,012 | $17.81 | 2,012 | $48,116 | |
| August 1 to August 31, 2025 | 12,798 | $17.89 | 12,798 | $47,887 | |
| September 1 to September 30, 2025 | 42,414 | $17.25 | 42,414 | $48,670 | |
| Total | 174,897 | 174,897 | |||
(1) In February 2025, our Board of Directors authorized the repurchase of up to $50.0 million in aggregate of shares of the Company’s Class A common stock, with the authorization to expire on February 28, 2026.
On October 29, 2025, the Company announced that it had received a proposal (the "Proposal") from Monument & Cathedral Holdings, LLC (collectively with its affiliates, “M&C”) to acquire all of the outstanding equity interests of each of the Company and Marketwise, LLC that are not owned directly or indirectly by M&C, for cash consideration of $17.25 per share, which is contingent upon the termination of the Company’s tax receivable agreement concurrent with the closing of the transaction. Upon receiving the Proposal, the Company suspended repurchases under its share repurchase program effective October 30, 2025. The program remains authorized by the Board; however, repurchases are not currently being made.
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