MarketWise Announces Virtual Participation at the Baird Global Consumer, Technology & Services Conference
BALTIMORE–(BUSINESS WIRE) – MarketWise, LLC (“MarketWise” or the “Company”), formerly known as Beacon Street Group, LLC, a leading multi-brand platform for digital subscription services that provides world-class financial research, software, education and tools for self-directed investors, announced today that the Company’s Chief Executive Officer, Mark Arnold, and Chief Financial Officer, Dale Lynch, will attend a fireside chat at the Baird Global Consumer, Technology & Services Conference on Wednesday, June at 2:35 p.m. Eastern Time will be 9, 2021.
A live webcast and replay of the presentation will be available on the company’s investor relations website at www.beaconstreet.com. The management will also be available for individual and small group discussions with investors.
As previously announced, the company is in the process of renaming and will update its website and other materials to the MarketWise brand in the coming weeks, but the company’s website will remain beaconstreet.com until it is fully updated for the new brand. Upon completion of the company’s transaction with Ascendant Digital Acquisition Corp. (NYSE: ACND) the combined company plans to trade on NASDAQ under the ticker symbol “MKTW”.
Founded with a mission to improve the playing field for self-directed investors, MarketWise is now a leading multi-brand subscription services platform delivering world-class financial research, software, education and tools to investors.
With more than 20 years of operations, MarketWise currently consists of 12 primary customer-centric brands, offers more than 160 products, and serves a community of more than 11 million free and paid subscribers. MarketWise products are a trusted source for quality financial research, education, actionable investment ideas, and investment software. MarketWise is a 100% digital direct customer company that delivers its research on a variety of platforms including mobile devices, desktops and tablets. MarketWise has a proven, agile and scalable platform and our vision is to become the leading financial solution platform for self-directed investors.
Important information about the transaction and where to find it
In connection with the proposed transaction (the “Transaction”) with Ascendant Digital Acquisition Corp. (“ADAC”), ADAC has filed a registration statement on Form S-4 with the US Securities and Exchange Commission (the “SEC”) that includes: a power of attorney / prospectus, which is both the power of attorney issued to the holders of ADAC – Common shares in connection with the request for proxy voting by the shareholders of the ADAC in relation to the proposed transaction as well as other matters that arise in the. The registration declaration and the prospectus on the offer and sale of the securities to be issued as part of the transaction will be distributed. The shareholders of the ADAC and other interested persons are advised to send the preliminary proxy / prospectus and, if available, the amendments thereto and the final proxy / prospectus and the documents contained therein, which were incorporated by reference in connection with the transaction Read these materials as important information about MarketWise, ADAC and the transaction. If available, the final proxy statement / prospectus and other relevant materials for the transaction will be sent to ADAC shareholders on a date yet to be determined for voting on the transaction. ADAC shareholders can also obtain free copies of the preliminary proxy statement / prospectus, the final proxy statement / prospectus and other documents filed with the SEC, which are incorporated by reference, from the SEC’s website as soon as they are available at www.sec.gov. In addition, the documents submitted by the ADAC can be downloaded free of charge from the ADAC website at www.ascendant.digital or on written request to ADAC at Ascendant Digital Acquisition Corp., 667 Madison Avenue, 5th Floor, New York, New York 10065.
Participant in the tender
ADAC and MarketWise and their respective directors and officers may be viewed as participants in the solicitation of proxies from ADAC shareholders in connection with the transaction. Information about the directors and officers of the ADAC and their ownership of the securities of the ADAC is contained in the proxy statement / prospectus for the transaction. Further information on the interests of these persons and other persons who may be considered to be participants in the proposed transaction can be found in the power of attorney / prospectus for the transaction. You can obtain free copies of these documents as described in the previous paragraph.
This release contains certain forward-looking statements within the meaning of federal securities laws with respect to the proposed transaction between MarketWise and ADAC, including statements regarding the benefits of the transaction, the anticipated timing of the transaction, the products and services offered by MarketWise, and the markets in which the company will operate operates, and MarketWise’s projected future results. These forward-looking statements are generally identified by the words “believe”, “project”, “expect”, “anticipate”, “estimate”, “intend”, “strategy”, “future”, “opportunity”, “plan”, ” “May”, “should”, “will”, “would”, “will be”, “will go on”, “will likely result” and similar expressions. Forward-looking statements are predictions, forecasts and other statements about future events that are based on current expectations and assumptions and are therefore subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements contained in this release, including, but not limited to: (i) the risk that the Transaction will not be completed in a timely manner or at all, which could adversely affect the course of the Company Influence ADAC securities; (ii) the risk that the transaction cannot be completed within the ADAC transaction deadline and the potential failure to obtain an extension of the transaction deadline at the request of ADAC; (iii) the non-fulfillment of the conditions for the completion of the transaction, including the acceptance of the business combination agreement in connection with the transaction by the shareholders of the ADAC, the fulfillment of the minimum amount of the escrow account after repayments by the public shareholders of the ADAC and the receipt of certain governmental and regulatory approvals; (iv) the lack of any third party evaluation in deciding whether or not to proceed with the proposed transaction; (v) the occurrence of an event, change or other circumstance that could result in the termination of the Transaction Agreement; (vi) the impact of the announcement or pendency of the Transaction on MarketWise’s relationships, performance, and business in general; (vii) risks that the Proposed Transaction will interfere with MarketWise’s current plans and potential difficulties in retaining employees of MarketWise as a result of the Proposed Transaction; (viii) the outcome of legal proceedings that may be initiated against MarketWise or ADAC in connection with the Transaction Agreement or the Proposed Transaction; (ix) the ability to maintain the listing of the ADAC’s securities on a national stock exchange; (x) the risk that the price of ADAC’s securities may fluctuate due to a variety of factors, including changes in the competitive and highly regulated industries in which MarketWise operates, fluctuations in performance among competitors, changes in laws and regulations that affect the business Affected by MarketWise, and changes in the combined capital structure; (xi) the ability to execute business plans, projections and other expectations upon completion of the proposed transaction and to identify and realize additional opportunities; and (xii) the risk of a downturn in the highly competitive investment research industry. The above list of factors is not exhaustive. You should consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of ADAC’s Quarterly Reports on Form 10-Q, Annual Reports on Form 10-K, and Registration Statement on Form S-4 and Proxy Statement , carefully consider / prospectus discussed above and other documents filed by the ADAC with the SEC from time to time. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements only apply at the time of their publication. Readers are cautioned not to place undue reliance on forward-looking statements and MarketWise and ADAC undertake no obligation and do not intend to update or revise these forward-looking statements as a result of new information, future events or otherwise. Neither MarketWise nor ADAC make any representations that MarketWise or ADAC will meet their expectations.
No offer or solicitation
This announcement does not constitute a solicitation, approval or authorization in relation to any securities or in relation to the transaction. This communication does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor is there a sale of any Securities held in any state or jurisdiction where such offer, solicitation or sale prior to registration or admission would be unlawful under the securities laws of any such jurisdiction. No securities may be offered unless it is a prospectus that meets the requirements of Section 10 of the Securities Act of 1933, as amended, or an exception to it.