ACND SEC filings, in plain English
Everything Ascendant Digital Acquisition Corp. has filed with the SEC that we hold — 40 filings, newest first, 5 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
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What changed: 8-K/A of MarketWise, Inc. Item 5.07(d) (submission of matters to a vote of security holders): the Board's frequency decision after the non-binding advisory say-on-pay frequency vote at the 2026 Annual Meeting. As filed: 7,615,818 shares for one year, 99,163 for two years, 5,879,057 for three years, 29,690 abstentions, 1,040,623 broker non-votes. The Board determined future say-on-pay votes will be annual until the next frequency vote, which the Company expects to hold at its 2032 Annual Meeting, based on the requirement that such votes occur at least every six years. Why it matters: Item 5.07(d) is the disclosure Form 8-K requires within 150 days of a frequency vote, so this closes out the annual meeting record. Governance rather than economics: no trust, deadline or share-count consequence for holders.
What changed: The 10-Q filed under Commission file number 001-39405 is that of MarketWise, Inc. (Nasdaq: MKTW) for the quarter ended June 30, 2026, with 2,792,711 Class A and 12,981,774 Class B shares outstanding as of August 3, 2026. Cash and equivalents fell to $32,914 thousand from $70,140 thousand at December 31, 2025 and total current assets to $87,205 thousand from $131,701 thousand, taking total assets to $185,875 thousand from $218,379 thousand. Deferred contract acquisition costs rose in the non-current column to $47,012 thousand from $34,678 thousand. Why it matters: Deferred revenue of $386.8 million is more than twice total assets of $185.9 million — the subscriptions are prepaid and the obligation to deliver them is the largest item on the balance sheet. Cash fell more than half in six months.
What changed: MarketWise, Inc. (Nasdaq: MKTW) furnished a press release reporting second quarter 2026 results. Billings were $91.2 million, up 57% year over year and the highest quarterly figure since 2023, while GAAP net revenue was $75.8 million, down 5.2%, and the net loss was $2.6 million. Cash from operating activities was $22.4 million, up 25.7%. Cash and equivalents were $33 million at June 30, 2026 after a $12.2 million disbursement in April 2026 for a previously disclosed legal settlement and the associated repurchase of 3% of shares outstanding. Why it matters: Billings up 57% against revenue down 5.2% is the same business measured at two different points in a multi-year recognition cycle — the release says so and explains the lag. Cash of $33 million against a $1.80 annual dividend on 2.7 million Class A shares plus the Class B structure is what makes the recharacterisation of the special dividend meaningful: it signals the tax-distribution-funded portion is now expected to recur.
What changed: MarketWise, Inc. (Nasdaq: MKTW), the Ascendant Digital Acquisition Corp. successor, released preliminary unaudited second quarter 2026 results ahead of full results due August 6, 2026. Paid subscribers reached 400 thousand at June 30, 2026 against 374 thousand at December 31, 2025, with 2.1 million active free subscribers. Billings were about $91 million, up 56% year over year and the highest since 2023. Full year billings guidance was raised 10% to $330 million, up 21.7% on 2025, and the $1.80 per Class A share dividend target was affirmed. Cash was $33 million. Why it matters: Billings up 56% with guidance raised 10% mid-year is a genuine inflection at a de-SPAC, and the affirmed $1.80 per Class A share dividend target is unusual in this cohort — most former SPAC targets are consuming cash rather than distributing it. The constraint to watch is the $33 million cash balance against that dividend commitment, since the payout depends on billings converting to collected cash. The results are preliminary and subject to the auditor's review.
What changed: MarketWise, Inc., the successor to Ascendant Digital Acquisition Corp., called its annual meeting for June 4, 2026 at 10:00 a.m. Eastern Time, record date April 6, 2026, with proposals covering director elections, an advisory vote on named executive officer compensation and an advisory vote on say-on-pay frequency. As of the record date there were 2,637,037 shares of Class A common stock and 13,512,641 shares of Class B common stock outstanding, representing 16.3% and 83.7% of combined voting power respectively, voting together as a single class. Why it matters: Class B holders control 83.7% of the vote against a public Class A float of just 2,637,037 shares - every proposal at this meeting, including say-on-pay, is decided before a single public share is voted. That concentration, inherited from the Ascendant Digital de-SPAC, means outside holders have economic exposure without governance influence, and the tiny Class A count makes the stock structurally illiquid.
In plain English
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.