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MarketWise, Inc. Confirms that Monument & Cathedral has Withdrawn its Unsolicited Acquisition Proposal
Globenewswire· 2026-02-18 22:44
Core Viewpoint - MarketWise, Inc. has confirmed the withdrawal of an unsolicited acquisition proposal from Monument & Cathedral Holdings, which valued the company at $17.25 per share, contingent upon the termination of a tax receivable agreement [1][2] Group 1: Proposal Withdrawal - Monument & Cathedral Holdings withdrew its proposal after the Special Committee of the Company's Board of Directors indicated that the offer price undervalued the company's stock [2] - The Special Committee evaluated the proposal in consultation with independent legal and financial advisors, focusing on maximizing shareholder value [2] Group 2: Company Strategy and Performance - The company remains committed to a standalone strategy aimed at sustainable growth in high-margin subscription sales, enhancing operational efficiency, and returning capital to shareholders through dividends and potential share repurchases [3] - Preliminary unaudited results show a 42% year-over-year increase in fourth quarter billings, with full-year 2025 Cash Flow from Operating Activities reaching $45 million, exceeding guidance for both billings and cash flow [4] - The company achieved a strong cash dividend yield of 13% for FY 2025, supported by operational momentum and a strong balance sheet [4] Group 3: Strategic Priorities - Management and the Board prioritize executing key strategic initiatives, including product innovation, subscriber acquisition and retention, expansion of premium offerings, and prudent cash management to support long-term shareholder value creation [5] - The company plans to release its fourth quarter and full-year 2025 financial results in March 2026 [5] Group 4: Company Overview - MarketWise is a leading multi-brand subscription services platform that provides premium financial research, software, education, and tools for investors [6] - The company serves millions of free and paid subscribers and offers its research across various digital platforms [7]
MarketWise Declares Quarterly and Special Dividend Totaling $0.40 Per Class A Share, for Total FY 2025 Dividends of $1.90 Per Share, or a 13% Cash Yield
Globenewswire· 2025-11-03 15:10
Core Points - MarketWise, Inc. declared a quarterly cash dividend of $0.20 per share for Class A common stock and a comparable distribution for Class B common stock [1][2] - A special dividend of $0.20 per share for Class A common stock was also announced, with total dividends for FY 2025 amounting to $1.90 per share, resulting in a dividend yield of 13% based on the stock price as of October 29, 2025 [2] Company Overview - MarketWise is a leading multi-brand digital subscription services platform focused on providing premium financial research, software, education, and tools for self-directed investors [3][4] - The company has over 25 years of operating history and serves millions of free and paid subscribers, offering high-value financial research and actionable investment ideas [4] - MarketWise operates as a 100% digital, direct-to-customer company, delivering its research across various platforms including mobile, desktops, and tablets [4]
MarketWise Appoints Erik Mickels as Chief Operating and Financial Officer
GlobeNewswire News Room· 2025-08-07 02:43
Core Insights - MarketWise, Inc. has appointed Erik Mickels as Chief Operating and Financial Officer to enhance operational excellence and financial strategy [1][3] - Mickels has over 25 years of experience in strategic transformation and has successfully guided acquisitions and initiatives, including the sale of a billion-dollar subsidiary [2] - The company aims to provide trusted financial insights to self-directed investors, emphasizing the growing demand for independent financial guidance [3] Company Overview - MarketWise is a leading multi-brand subscription services platform focused on empowering self-directed investors through premium financial research, software, education, and tools [4] - The company serves millions of free and paid subscribers, offering a digital, direct-to-customer model across various platforms [5] - MarketWise's vision is to become the leading financial solutions platform for self-directed investors, leveraging its agile and scalable platform [5]
MarketWise Declares Quarterly and Special Dividend Totaling $0.40 Per Class A Share; Announces Second Quarter 2025 Financial Results Release Date
Globenewswire· 2025-08-01 20:15
Core Points - MarketWise, Inc. declared a quarterly cash dividend of $0.20 per share for Class A common stock and an equivalent distribution for Class B common stock [1][2] - A special dividend of $0.20 per share for Class A common stock was also announced, with both dividends scheduled for payment on September 25, 2025 [2] - The Record Date for the dividends is set for August 15, 2025 [2] - MarketWise plans to release its second quarter 2025 financial results on August 7, 2025, before market opening [2][3] Company Overview - MarketWise is a leading multi-brand digital subscription services platform focused on providing premium financial research, software, education, and tools for self-directed investors [4][5] - The company has over 25 years of operating history and serves millions of free and paid subscribers [5] - MarketWise operates as a 100% digital, direct-to-customer company, offering its research across various platforms including mobile, desktops, and tablets [5]
MarketWise to Participate in the UBS 2025 Fintech One-on-One Conference on September 10, 2025
GlobeNewswire News Room· 2025-07-29 23:22
Core Insights - MarketWise, Inc. is a leading multi-brand digital subscription services platform focused on providing premium financial research, software, education, and tools for self-directed investors [4][5] - The Chief Financial Officer, Erik Mickels, will participate in one-on-one meetings at the UBS 2025 Fintech One-on-One Conference on September 10, 2025, in New York City [1] - The UBS 2025 Fintech One-on-One Conference aims to provide access to management teams to discuss advancements in technology and data within the financial sector [3] Company Overview - MarketWise has over 25 years of operating history and serves millions of free and paid subscribers [5] - The company offers a range of products that are recognized as high-value sources for financial research, education, actionable investment ideas, and investment software [5] - MarketWise operates as a 100% digital, direct-to-customer company, delivering its research across various platforms including mobile, desktops, and tablets [5] - The company's vision is to become the leading financial solutions platform for self-directed investors [5]
MarketWise to Present at the UBS SMID-Cap Multisector Virtual Conference on June 24, 2025
Globenewswire· 2025-05-02 23:45
Company Overview - MarketWise, Inc. is a leading multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for self-directed investors [4] - The company has over 25 years of operating history and serves millions of free and paid subscribers [5] - MarketWise operates as a 100% digital, direct-to-customer company, offering its research across various platforms including mobile, desktops, and tablets [5] Upcoming Events - The Chief Financial Officer, Erik Mickels, will host virtual meetings at the UBS SMID-Cap Multisector Virtual Conference on June 24, 2025 [1] - The inaugural UBS SMID-Cap Multisector Virtual Conference aims to showcase small and mid-cap companies and connect them with diverse investors across multiple US regions [3]