MarketWise (NASDAQ:MKTW), which combined with Ascendant Digital in July 2021, has launched an offer to exchange all outstanding warrants for 0.1925 shares each.
At the company’s current share price of $4.08, this amounts to a value of $0.79662 per warrant. MarketWise’s warrants (NASDAQ:MKTWW) closed Tuesday at $0.37, but are already up about +102.9% to $0.69 in the pre-market.
The company expects to issue 5,963,648 new common shares through the offering, adding to 27,933763 outstanding public common shares, increasing the float by 21%. Parties presenting 57.9% of public warrants and 52.4% of private placement warrants have already indicated they will accept the offer. Warrants that do not consent to be exchanged in the offer will automatically be exchanged at a 10% lower rate of 0.17325 shares per warrant.
MarketWise, formerly known as Beacon Street Group LLC, operates a portfolio of financial publications and digital information services to both free and paying subscribers. Earlier this month, it announced net revenue of $128 million in the second quarter of 2022, a 9.9% decline from the same period last year.
ADVISORS
- BofA Securities is serving MarketWise as the dealer manager for the exchange offer.
- D.F. King & Co. has been appointed as information agent for the offer.
- Continental Stock Transfer & Trust Company is serving as exchange agent for the offer.


Cayson Acquisition Corp. (NASDAQ:CAPN) has entered into a definitive agreement to combine with boutique investment firm Mango Financial for $300 million in equity consideration. Hong Kong-based Mango provides a range of M&A and equity capital markets advisory services to clients considering listings in China and the US. The combined company is expected to trade on...
Trailblazer (NASDAQ:BLZRU) has filed for a $200 million SPAC to bring a first-time team to market with serial sponsor terms. The new SPAC is offering investors a 1/3 warrant in each unit and it is the first SPAC filed so far this month with 24 months on its initial transaction clock. All other July SPACs...
This week, we speak with Kyivstar CEO Oleksandr Komarov about the company’s $2.2 billion dollar combination with Cohen Circle Acquisition Corp. I (NASDAQ:CCIR). Few companies have been had to forge themselves in the flames recently quite like Ukraine’s leading telecom and digital services provider Kyivstar. Now, Kyivstar is not only telling that story but pitching it to...
At the SPAC of Dawn The market still has one full trading session before it adds Tuesday’s Core CPI reading and a variety of Fed comments to messaging it is already ingesting on US President Donald Trump’s ever-shifting tariff policy. SPACs are meanwhile continuing on with business as usual, with Cayson (NASDAQ:CAPN) announcing the third...
Terms Tracker for the Week Ending July 11, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. One more IPO priced this week bringing July’s total to 8. However, there are still three more weeks left in the month so that number...