On October 17, 2023, Frank Porter Stansberry and Monument & Cathedral Holdings, LLC and its affiliates announced that they agreed to act together to pursue changes at MarketWise, Inc., including the appointment of Frank Porter Stansberry as Chairman of the Board and Chief Executive Officer and the departure of certain directors and officers; increased dividend payments to shareholders; and an internal review of current operations with the intent to enhance alignment, improve efficiency, and increase cash flow and intrinsic value of the business. Frank Porter Stansberry added that Monument & Cathedral Holdings, LLC and its affiliates agreed to give Frank Porter Stansberry their proxy in the event that shareholder votes would be necessary to achieve these goals.