SPAC · Merger completed
Ascendant Digital Acquisition Corp.
Business combination with MarketWise, LLC
Ascendant Digital Acquisition Corp. is a blank-check company (SPAC) that raised $360M in its initial public offering on Jul 24, 2020, listing on New York Stock Exchange. It completed its business combination with MarketWise, LLC on Jul 21, 2021; the combined company is MarketWise, Inc. (MKTW). Cambridge Venture Partners led the IPO. White & Case advised the SPAC and Ropes & Gray advised the underwriters on the IPO.
- Status
- Merger completed
- IPO date
- Jul 24, 2020
- IPO size
- $360M
- IPO exchange
- New York Stock Exchange
- Target
- MarketWise, LLC
- Announced
- Mar 2, 2021
- Closed
- Jul 21, 2021
- Combined company
- MarketWise, Inc. (MKTW)
- IPO underwriters
- Cambridge Venture Partners
- SPAC counsel (IPO)
- White & Case and Maples and Calder
- Underwriters' counsel (IPO)
- Ropes & Gray
More on this SPAC for subscribers
- Trust balance and value per share
- Redemptions at each extension and at the merger vote
- Liquidation deadline and extension history
- PIPE and other committed financing
- Merger proxy, registration statement and investor presentation
- Analyst notes from the filings
Every record in the database also has its full filing timeline, a daily-updated calendar, watchlist alerts and Excel export.
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Filings
- IPO prospectus (424B4) Jul 24, 2020
- Deal announcement (8-K) Mar 2, 2021
- Press release
- All filings on EDGAR CIK 1805651
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