On August 15, 2023, Frank Porter Stansberry announced that he has sent a letter to MarketWise Inc, stated that he has expressed his concerns with the Company?s financial results for the 2nd quarter ended June 30, 2023, and with the board?s refusal to investigate the Company?s IPO and warrant exchange offers. In addition, Frank Porter Stansberry requested the Company to take action and commence a thorough review of actions that led to the current financial condition of the Company, to adopt a plan to return the business to delivering value to its shareholders on a consistent basis, and to review the IPO and warrant exchange offers.