Nasdaq warns Technology, Inc. (NASDAQ: MAPS) on sub-$1 bid price

Rhea-AI Filing Summary

Technology, Inc., which trades on Nasdaq under the symbol MAPS, received a Nasdaq notice that its Class A common stock has closed below $1.00 for 30 consecutive business days, triggering a minimum bid price deficiency.

The company has 180 calendar days, until August 3, 2026, to regain compliance by having its closing bid at or above $1.00 for at least ten consecutive business days. If it fails, it may seek a second 180‑day period by transferring to the Nasdaq Capital Market and potentially effecting a reverse stock split.

If compliance is not restored within the allowed periods, the stock may be delisted from Nasdaq, though the company would have the right to appeal. Management states it intends to monitor the share price and evaluate options, while cautioning there is no assurance it will meet Nasdaq’s requirements.

Positive

• None.

Negative

• Nasdaq minimum bid price deficiency and delisting risk: MAPS has traded below Nasdaq’s $1.00 minimum bid for 30 consecutive business days, starting a 180‑day cure period and creating potential delisting risk if compliance is not regained.

Insights

Equity market structure analyst

Nasdaq bid-price deficiency creates real delisting overhang for MAPS.

Technology, Inc. has fallen below Nasdaq’s $1.00 minimum bid for 30 straight business days, formally entering a deficiency period. The stock keeps trading on the Nasdaq Global Select Market, but the notice signals sustained market weakness in the shares.

The company has until August 3, 2026 to get its closing bid back above $1.00 for at least ten consecutive business days. If it misses that window, it may still obtain a second 180‑day cure period by moving to the Nasdaq Capital Market, assuming it meets other listing standards and, if needed, completes a reverse split.

Failure to regain compliance would expose shareholders to a potential delisting, although the company could appeal any delisting determination and remain listed during that process. Actual outcomes will depend on share-price performance and whether the company pursues actions such as a reverse stock split described in the disclosure.

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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): February 4, 2026

WM TECHNOLOGY, INC.

(Exact name of registrant as specified in its charter)

Delaware			001-39021			98-1605615
(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 class			Trading symbol(s)			Name of each exchange on which registered
Class A Common Stock, $0.0001 par value per share			MAPS			The Nasdaq Global Select Market
Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share			MAPSW			The Nasdaq Global Select 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 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On February 4, 2026, WM Technology, Inc. (the “Company”) received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the last 30 consecutive business days, the closing bid price for the Company’s Class A common stock, par value $0.0001 per share (the “Common Stock”), was below $1.00 per share, which is the minimum closing bid price required for continued listing on the Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(a)(1) (the “Notice”). This Notice is a notice of deficiency, not delisting, and has no immediate effect on the listing of the Company’s Common Stock, and the Company’s Common Stock will continue to trade on The Nasdaq Global Select Market under the symbol “MAPS” at this time, subject to the Company’s compliance with the other Nasdaq listing requirements.

In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company is provided a compliance period of 180 calendar days from the date of the Notice, or until August 3, 2026, to regain compliance with the minimum closing bid price requirement. If at any time during the 180-calendar day grace period, the closing bid price of the Company’s Common Stock is at least $1.00 per share for a minimum of ten consecutive business days (unless the Nasdaq staff exercises its discretion to extend this ten business day period pursuant to Nasdaq Listing Rule 5810(c)(3)(H)), Nasdaq will provide the Company written confirmation of compliance, and the matter will be closed.

If the Company does not regain compliance during the compliance period, the Company may be provided a second 180 calendar day period to regain compliance if it applies to transfer the listing of the Company’s Common Stock to the Nasdaq Capital Market. To qualify, the Company must meet the continued listing requirement for market value of publicly-held shares and all other initial listing standards for the Nasdaq Capital Market (with the exception of the minimum bid price requirement), based on the Company’s most recent public filings and market information and notify Nasdaq of its intent to cure the deficiency by effecting a reverse stock split, if necessary. If the Company does not regain compliance within the allotted compliance periods, including any extensions that may be granted by Nasdaq, the Company’s stock will be subject to delisting. The Company would have the right to appeal a determination to delist the Company’s Common Stock, and the Company’s Common Stock would remain listed on the Nasdaq Global Select Market until the completion of the appeal process.

The Company intends to monitor the closing bid price of its stock and assess potential actions to regain compliance. While the Company plans to review all available options, there can be no assurance that the Company will regain compliance with the minimum bid price requirement during the 180-day compliance period, secure a second 180-day period to regain compliance, or maintain compliance with the other Nasdaq listing requirements.

Forward-Looking Statements

This Current Report on Form 8-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, about the Company that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this Current Report on Form 8-K are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “intend,” “may,” “plan,” “should,” “will,” or the negative of these words or other similar terms or expressions. Forward-looking statements in this Current Report on Form 8-K include, but are not limited to, statements regarding the Company’s intent or ability to regain compliance with Nasdaq’s minimum bid price requirement, including initiating a reverse stock split, Nasdaq granting the Company any relief from delisting as necessary, and whether the Company can ultimately meet applicable Nasdaq requirements for any such relief. The forward-looking statements contained in this report are based on management’s current expectations, which are subject to uncertainty, risks and changes in circumstances that are difficult to predict and many of which are outside of the Company’s control. Important factors that could cause the Company’s actual results to differ materially from those indicated in the forward-looking statements are more fully discussed in the Company’s periodic filings with the Securities and Exchange Commission (“SEC”), including the risk factors described under the heading “Risk Factors” in the Company’s annual report on Form 10-K for the year ended December 31, 2024 filed with the SEC on March 13, 2025, and other documents subsequently filed with the SEC. The forward-looking statements in this Current Report on Form 8-K are based upon information available to the Company as of the date of this Current Report on Form 8-K, and while the Company believes such information forms a reasonable basis for such statements, such information may be limited or incomplete, and its statements should not be read to indicate that the Company has conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain and investors are cautioned not to unduly rely upon these statements. Except as required by law, the Company assumes no obligation to update these forward-looking statements, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements.

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: February 5, 2026
						WM TECHNOLOGY, INC.
						By:			/s/ Susan Echard
									Susan Echard
									Chief Financial Officer

FAQ

What did Technology, Inc. (MAPS) disclose about its Nasdaq listing status?

Technology, Inc. disclosed that Nasdaq notified it of a minimum bid price deficiency. The stock’s closing bid stayed below $1.00 for 30 consecutive business days, triggering a formal compliance period and raising potential delisting risk if the price is not restored.

How long does MAPS have to regain compliance with Nasdaq’s $1.00 bid rule?

Technology, Inc. has 180 calendar days, until August 3, 2026, to regain compliance. It must achieve a closing bid of at least $1.00 per share for a minimum of ten consecutive business days during this period under Nasdaq Listing Rule 5810(c)(3)(A).

Can Technology, Inc. (MAPS) get more time if it fails the first 180-day Nasdaq period?

If Technology, Inc. does not regain compliance in the first 180 days, it may obtain a second 180‑day period by transferring to the Nasdaq Capital Market, meeting that market’s initial listing standards (other than bid price), and indicating it may use a reverse stock split to cure.

Will MAPS be immediately delisted from Nasdaq due to this notice?

No, MAPS is not immediately delisted. The notice is a deficiency notice, not a delisting, and the stock continues trading on the Nasdaq Global Select Market while the company works within the 180‑day compliance window and any additional relief processes available.

What options did Technology, Inc. mention to regain Nasdaq bid price compliance?

Technology, Inc. said it will monitor its closing bid and assess potential actions. The disclosure notes that, if it moves to the Nasdaq Capital Market, it may notify Nasdaq of its intent to cure the deficiency by effecting a reverse stock split, if necessary.

What happens if Technology, Inc. ultimately fails to meet Nasdaq’s requirements?

If the company does not regain compliance within the allowed 180‑day periods, including any extension, its stock will be subject to delisting. Technology, Inc. would have the right to appeal a delisting determination, and its stock would remain listed during the appeal process.