MarketWise confirms Monument & Cathedral withdrawal of acquisition proposal

MarketWise (MKTW) confirmed that Monument & Cathedral has withdrawn its previously disclosed unsolicited non-binding proposal to acquire all the outstanding securities of the company and MarketWise that are not owned by M&C for cash consideration of $17.25 per share, contingent upon termination of the company’s tax receivable agreement. The proposal was previously announced by the company on October 29, 2025. Monument & Cathedral withdrew its proposal after feedback from the special committee of the company’s board of directors that its offer price per share undervalued the company’s stock.