Statement of Changes in Beneficial Ownership (4)
September 20 2022 - 6:58PM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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Greenhaven Road Investment Management, L.P. |
2. Issuer Name and Ticker or Trading Symbol
MARKETWISE, INC.
[
MKTW
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
8 SOUND SHORE DRIVE, SUITE 190 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
9/19/2022 |
(Street)
GREENWICH, CT 06830
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
___ Form filed by One Reporting Person
_
X
_ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Class A Common Stock | 9/19/2022 | | P | | 785752 | A | (4) | 1851052 | I | By: Greenhaven Road Capital Fund 1, L.P. (1) |
Class A Common Stock | 9/19/2022 | | P | | 1070092 | A | (5) | 2504792 | I | By: Greenhaven Road Capital Fund 2, L.P. (2) |
Class A Common Stock | 9/19/2022 | | P | | 194510 | A | (6) | 194510 | I | By: Greenhaven Road Special Opportunities Fund LP (3) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Warrant (right to buy) | $11.50 | 9/19/2022 | | S | | | 4081833 | 8/20/2021 | 7/19/2026 | Class A Common Stock | 4081833 | (4) | 0 | I | By: Greenhaven Road Capital Fund 1, L.P. (1) |
Warrant (right to buy) | $11.50 | 9/19/2022 | | S | | | 5558921 | 8/20/2021 | 7/19/2026 | Class A Common Stock | 5558921 | (5) | 0 | I | By: Greenhaven Road Capital Fund 2, L.P. (2) |
Warrant (right to buy) | $11.50 | 9/19/2022 | | S | | | 1010445 | 8/20/2021 | 7/19/2026 | Class A Common Stock | 1010445 | (6) | 0 | I | By: Greenhaven Road Special Opportunities Fund LP (3) |
Explanation of Responses: |
(1) | Greenhaven Road Capital Fund 1, L.P. ("Fund 1") is a private investment vehicle. Fund 1 directly owns these securities reported herein. Greenhaven Road Investment Management, LP (the "Investment Manager") is the investment manager of Fund 1. MVM Funds, LLC (the "General Partner") is the general partner of Fund 1 and the Investment Manager. Scott Miller is the controlling person of the General Partner. Each Reporting Person disclaims beneficial ownership of all securities reported herein, except to the extent of their pecuniary interest therein, if any. |
(2) | Greenhaven Road Capital Fund 2, L.P. ("Fund 2") is a private investment vehicle. Fund 2 directly owns these securities reported herein. The Investment Manager is the investment manager of Fund 2. The General Partner is also the general partner of Fund 2. Each Reporting Person disclaims beneficial ownership of all securities reported herein, except to the extent of their pecuniary interest therein, if any. |
(3) | Greenhaven Road Special Opportunities Fund LP ("SOF") is a private investment vehicle. SOF directly owns these securities reported herein. The Investment Manager is the investment manager of SOF. Greenhaven Road Special Opportunities Fund GP LLC (the "SOF General Partner") is the general partner of SOF. Scott Miller is the controlling person of the SOF General Partner. Each Reporting Person disclaims beneficial ownership of all securities reported herein, except to the extent of their pecuniary interest therein, if any. |
(4) | Fund 1 disposed of Warrants to purchase 4,081,833 shares of Class A Common Stock in exchange for 785,752 shares of Class A Common Stock in an issuer exchange offer. |
(5) | Fund 2 disposed of Warrants to purchase 5,558,921 shares of Class A Common Stock in exchange for 1,070,092 shares of Class A Common Stock in an issuer exchange offer. |
(6) | SOF disposed of Warrants to purchase 1,010,445 shares of Class A Common Stock in exchange for 194,510 shares of Class A Common Stock in an issuer exchange offer. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Greenhaven Road Investment Management, L.P. 8 SOUND SHORE DRIVE, SUITE 190 GREENWICH, CT 06830 |
| X |
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Miller Scott Stewart 8 SOUND SHORE DRIVE, SUITE 190 GREENWICH, CT 06830 |
| X |
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MVM Funds LLC 8 SOUND SHORE DRIVE, SUITE 190 GREENWICH, CT 06930 |
| X |
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Greenhaven Road Capital Fund 1, L.P. 8 SOUND SHORE DRIVE, SUITE 190 GREENWICH, CT 06830 |
| X |
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Greenhaven Road Capital Fund 2, L.P. 8 SOUND SHORE DRIVE, SUITE 190 GREENWICH, CT 06830 |
| X |
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Greenhaven Road Special Opportunities Fund LP 8 SOUND SHORE DRIVE, SUITE 190 GREENWICH, CT 06830 |
| X |
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Signatures
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/s/ Scott Miller, for himself and as the Managing Member of the General Partner (for itself and on behalf of Fund 1, Fund 2 and the Investment Manager) and the SOF General Partner (for itself and on behalf of SOF) | | 9/20/2022 |
**Signature of Reporting Person | Date |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
Note: | File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. |
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
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