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WM Technology ends LA lease with $32.4M fee

The Austin lease carries estimated base rent of approximately $14.3 million over 114 full calendar months, plus operating costs, taxes and insurance.

(Moderate)

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Form Type
8-K

Rhea-AI Filing Summary

WM Technology, Inc. (MAPS), through subsidiary Ghost Management Group, LLC, terminated its lease for approximately 113,692 rentable square feet at 767 S. Alameda Street in Los Angeles effective October 7, 2026, after the landlord confirmed that the third-party lease condition was satisfied. The lease had been scheduled to expire in February 2031. The subsidiary agreed to pay Alameda Square Owner LLC a $32.4 million termination fee in 53 monthly installments beginning October 2026.

The subsidiary also signed a lease for approximately 26,223 rentable square feet in Austin, Texas, on October 9, 2026. The term is expected to commence on the later of February 1, 2027, and the landlord’s delivery of possession, and will run for 114 full calendar months. Estimated base rent over the term is approximately $14.3 million, in addition to the subsidiary’s share of operating costs, taxes and insurance. The landlord will provide up to approximately $1.7 million for tenant improvements. Within 10 days of signing, the subsidiary must provide an approximately $0.8 million irrevocable standby letter of credit or, in certain circumstances, a cash security deposit; the amount is subject to reduction under the lease.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 1.02 Termination of a Material Definitive Agreement Business
A significant contract was terminated, which may affect business operations or revenue.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Lease termination fee $32.4 million Payable in 53 monthly installments beginning October 2026
Los Angeles leased area Approximately 113,692 rentable square feet Premises under the terminated lease
Austin leased area Approximately 26,223 rentable square feet Premises under the new lease
Austin lease term 114 full calendar months Runs after the Term Commencement Date
Estimated Austin base rent Approximately $14.3 million Aggregate estimated base rent over the lease term
Tenant improvement allowance Up to approximately $1.7 million Allowance provided by the Austin landlord
Initial Austin lease security Approximately $0.8 million Initial amount, subject to reduction under the lease
Termination Contingency technical
"the Termination Contingency was satisfied on October 7, 2026"
Term Commencement Date technical
"the later of (i) February 1, 2027 and (ii) the date the Austin Landlord delivers possession"
tenant improvement allowance financial
"tenant improvement allowance totaling up to approximately $1.7 million"
A tenant improvement allowance is a sum of money a landlord agrees to provide or reimburse so a tenant can customize or fit out leased space to their needs, like a home renovation budget paid upfront by the property owner. It matters to investors because it affects leasing attractiveness, upfront costs, rental income and the building’s long‑term value—larger allowances can speed occupancy but reduce short‑term cash flow and raise capital repair needs.
irrevocable standby letter of credit financial
"provide the Austin Landlord with an irrevocable standby letter of credit"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much is MAPS paying to terminate its Los Angeles lease?

Ghost Management Group, LLC agreed to pay Alameda Square Owner LLC a $32.4 million termination fee in 53 monthly installments beginning October 2026. The fee was consideration for early termination of the Los Angeles lease.

What security does MAPS need to provide for its Austin lease?

For its Austin lease, Ghost Management Group, LLC must provide an irrevocable standby letter of credit, or in certain circumstances a cash security deposit, within 10 days of signing. The initial amount is approximately $0.8 million and is subject to reduction under the lease.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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0001779474FALSE00017794742026-10-062026-10-060001779474us-gaap:CommonClassAMember2026-10-062026-10-06

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 6, 2026


WM TECHNOLOGY, INC.
(Exact name of registrant as specified in its charter)

Delaware001-3902198-1605615
(State or Other Jurisdiction of Incorporation)(Commission File Number)(I.R.S. Employer Identification No.)

41 Discovery
Irvine, California
92618
(Address of principal executive offices)(Zip Code)
(844) 933-3627
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:

☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240-13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading symbol(s)Name of each exchange on which registered
Class A Common Stock, $0.0001 par value per share
MAPS
The OTCQX Best Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b–2 of the Securities Exchange Act of 1934 (§240.12b–2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



Item 1.01    Entry into a Material Definitive Agreement.
Lease termination agreement with Alameda Square Owner LLC
On October 6, 2026, Ghost Management Group, LLC (the “Subsidiary”), a subsidiary of WM Technology, Inc., entered into a lease termination agreement (the “Lease Termination Agreement”) with Alameda Square Owner LLC (the “Landlord”) to terminate the certain lease agreement dated as of June 7, 2019 (as amended, the “Lease”) for approximately 113,692 rentable square feet at 767 S. Alameda Street, Los Angeles, California 90021 (the “Premises”). The Lease Termination Agreement provides for the early termination of the Lease, which was originally scheduled to expire in February 2031.
The effectiveness of the Lease Termination Agreement was conditioned upon the execution of an agreement, on or prior to October 7, 2026, between the Landlord and a third-party tenant for the lease of the Premises (the “Termination Contingency”). The Landlord notified the Subsidiary that the Termination Contingency was satisfied on October 7, 2026, and accordingly, the Lease was terminated effective October 7, 2026.
As consideration for the Lease Termination Agreement, the Subsidiary agreed to pay the Landlord a termination fee in an aggregate amount of $32.4 million, which the Subsidiary will pay in fifty-three (53) monthly installments beginning October 2026.
The foregoing description of the terms of the Lease Termination Agreement is not complete and is qualified in its entirety by reference to the Lease Termination Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
Lease agreement with 7th and SM LP
On October 9, 2026, the Subsidiary entered into a lease agreement (the “Austin Lease”) with 7th and SM LP, a Delaware limited liability company (the “Austin Landlord”), for approximately 26,223 rentable square feet located at 924 E. 7th Street, Austin, Texas 78702. The Austin Lease is expected to commence on the later of (i) February 1, 2027 and (ii) the date the Austin Landlord delivers possession of the premises in accordance with the terms of the Austin Lease (the “Term Commencement Date”), and will expire 114 full calendar months after the Term Commencement Date. The aggregate estimated base rent payments due over the term of the Austin Lease are approximately $14.3 million. In addition to base rent, the Subsidiary will be required to pay its share of operating expenses, taxes and insurance expenses, as well as other additional operating costs under the Austin Lease. The Austin Landlord will provide a tenant improvement allowance totaling up to approximately $1.7 million. To secure its obligations under the Austin Lease, within ten days of executing the Austin Lease, the Subsidiary will be required to provide the Austin Landlord with an irrevocable standby letter of credit, or, in certain circumstances, a cash security deposit, in an initial amount of approximately $0.8 million, subject to reduction in accordance with the terms of the Austin Lease.
The foregoing description of the terms of the Austin Lease is not complete and is qualified in its entirety by reference to the Austin Lease, a copy of which will be filed with the Securities and Exchange Commission in the Company’s Annual Report on Form 10-K for the year ending December 31, 2026.
Item 1.02    Termination of a Material Definitive Agreement.
To the extent required by Item 1.02 of this Current Report on Form 8-K, the information contained in Item 1.01 herein is incorporated by reference into this Item 1.02.
Item 9.01    Financial Statements and Exhibits
(d) Exhibits. The following exhibits are filed with this Current Report on Form 8-K:
No.Description of Exhibits
10.1
Lease Termination Agreement, dated October 6, 2026, by and between Alameda Square Owner LLC and Ghost Management Group, LLC.
104Cover Page Interactive Data File (embedded within the Inline XBRL document)



SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: October 13, 2026
WM TECHNOLOGY, INC.
By:/s/ Susan Echard
Susan Echard
Chief Financial Officer

Filing Exhibits & Attachments

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