Ascendant Digital Acquisition filed an investor presentartion with the SEC on its proposed merger with MarketWise, formerly known as Beacon Street Group, a multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for self-directed investors.
The combined company would have a pro forma enterprise value of $3 billion.
Aggregate consideration to MarketWise equity holders will be approximately $2.9 billion, consisting of up to $374 million of cash and $2.5 billion or more of rollover equity. The cash consideration will be funded by Ascendant’s cash in trust of approximately $414 million, as well as a $150 million PIPE. Read more.
