Benzinga | Jul 20, 2021 11:30AM EDT

Ascendant Digital Acquisition Shareholders Approve Business Combination With MarketWise

Ascendant Digital Acquisition Corp. (NYSE:ACND) ("Ascendant" or the "Company") today announced that Ascendant's shareholders have approved all proposals related to its previously announced business combination with MarketWise, LLC ("MarketWise"), a leading multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for self-directed investors.



Approximately 85.5% of the votes cast at the extraordinary general meeting of Ascendant's shareholders held today voted to approve the business combination with MarketWise. The formal results of the vote will be included on a Form 8-K to be filed with the U.S. Securities and Exchange Commission.

Mark Gerhard, CEO of Ascendant, commented, "We are delighted with the overwhelming shareholder support voting to approve the business combination and we are thankful to our public shareholders for their trust in this extraordinary company. We take it as both our mission and passion to drive exceptional shareholder returns in the months and years to come."

The closing of the business combination is anticipated to take place on July 21, 2021, subject to the satisfaction of certain customary closing conditions. The combined company will be renamed MarketWise, Inc., and its common stock and warrants are expected to begin trading on The Nasdaq Stock Market under the ticker symbols "MKTW" and "MKTWW", respectively, on July 22, 2021.