BlackRock, Inc. amended a Schedule 13G/A to report beneficial ownership of 5,456,421 shares of WM Technology Inc. Class A stock, representing 4.9% of the class as disclosed. The filing lists sole voting power of 5,378,334 shares and sole dispositive power of 5,456,421 shares. The amendment references Reporting Business Units and attaches Exhibits including a Power of Attorney and Item 7 subsidiary information; the schedule was signed on 04/27/2026.
WM Technology, Inc. notifies the SEC of removal of its Class A Common Stock and associated warrants from listing on the Nasdaq Global Select Market by filing a Form 25 on April 17, 2026.
The filing identifies Class A Common Stock (par value $0.0001 per share) and warrants exercisable for one share at an exercise price of $11.50 per share.
WM Technology, Inc. is soliciting proxies for its virtual Annual Meeting on June 24, 2026 to vote on four principal items: (1) a proposal to amend the Certificate of Incorporation to declassify the Board for immediate annual director elections; (2) a non-binding advisory vote on 2025 named executive officer compensation; (3) ratification of Macias Gini & O’Connell LLP (MGO) as independent auditors for 2026; and (4) director elections under two alternative ballots depending on the declassification outcome. The record date for voting is April 27, 2026. The proxy statement discloses the Company’s plan to file a Form 25 to delist Class A common stock and warrants from Nasdaq (effective 10 days after filing), an expected subsequent Form 15 to deregister and suspension of Exchange Act reporting, and an intent to seek quotation on the OTCQX Best Market. The statement notes prior auditor changes and disclosure of material weaknesses in internal control over financial reporting.
WM Technology, Inc. released preliminary results for the quarter ended March 31, 2026. The company expects unaudited revenue of approximately $42 million to $44 million and preliminary Adjusted EBITDA of about $5 million to $7 million, indicating positive operating profitability on this non-GAAP basis.
Cash, cash equivalents and investments were about $57 million as of March 31, 2026, providing a financial cushion as the business navigates a challenging cannabis industry backdrop. Management plans to report full first-quarter results after market close on May 11, 2026, once normal closing procedures are complete.
The company reiterates its previously announced intention to voluntarily delist from Nasdaq and deregister its Class A common stock and warrants under the Exchange Act, and then seek quotation on the OTCQX market. The filing highlights potential risks to liquidity and trading volatility around this transition, alongside broader regulatory and macroeconomic risks affecting the cannabis sector.
WM Technology, Inc. plans to voluntarily delist its Class A common stock and warrants from the Nasdaq Global Select Market and deregister these securities under the Exchange Act. The company expects to file a Form 25 on or about April 17, 2026, with Nasdaq trading likely ending on or about April 24, 2026, after which it aims to have its securities quoted on an OTC Markets venue, though ongoing liquidity and market making are not assured.
The company also dismissed Baker Tilly US, LLP as its independent registered public accounting firm and engaged Macias Gini & O’Connell LLP for the 2026 fiscal year. Baker Tilly had issued unqualified opinions on past financial statements but adverse opinions on the effectiveness of internal control over financial reporting due to material weaknesses as of December 31, 2024 and 2025. Director Scott Gordon resigned from the Board and its committees, with the company stating his departure was not due to any disagreement over operations, policies, or practices.
WM Technology Inc filing an amendment: The Vanguard Group reports zero beneficial ownership of the company's common stock following an internal realignment. The amendment states certain Vanguard subsidiaries and business divisions will report ownership separately in reliance on SEC Release No. 34-39538.
WM Technology, Inc., operator of the Weedmaps cannabis marketplace and Weedmaps for Business software suite, describes a two-sided platform connecting consumers with licensed retailers and brands. The company generated $174.7 million in revenue and had 5,190 average monthly paying clients for the year ended December 31, 2025.
WM Technology highlights its capital‑light, software-driven model, extensive first‑party data and long operating history in cannabis technology as key strengths. It outlines growth plans to deepen marketplace engagement, expand into new U.S. markets as legalization advances, broaden SaaS offerings and pursue selective acquisitions.
The filing stresses substantial risks: dependence on evolving U.S. state cannabis laws versus continuing federal illegality, competition from illicit and hemp-derived products, high exposure to California, pricing and client retention challenges, ongoing material weaknesses in internal controls and past financial statement restatements, as well as active and potential litigation and regulatory scrutiny.
WM Technology, Inc. reported weaker 2025 results but remained profitable for the full year. Revenue was $43.1 million in the fourth quarter, down from $47.7 million a year earlier, leading to a net loss of $5.0 million versus prior net income of $3.7 million.
For full year 2025, revenue declined to $174.7 million from $184.5 million, while net income fell to $3.3 million from $12.2 million. Adjusted EBITDA was $39.8 million, down from $42.9 million. Cash increased to $62.4 million as of December 31, 2025, and total shares outstanding were 157.8 million.
The company expects first quarter 2026 revenue to decline by mid- to high-single digit percentages sequentially from the fourth quarter. WM Technology also appointed Nick Rellas, co-founder and former CEO of Drizly, to its board of directors.
WM Technology, Inc. has appointed Nicholas Rellas to its Board of Directors as a Class III director, effective March 5, 2026. He will serve until the company’s 2027 annual stockholder meeting, or until a successor is in place or his earlier departure.
The Board determined that Mr. Rellas qualifies as an independent director under Nasdaq Rule 5605(a)(2), and the company states there are no related-party transactions requiring disclosure. Under the Amended Non-Employee Director Compensation Policy, he received a one-time restricted stock unit grant valued at approximately $400,000, vesting in three equal annual installments on the dates of the next three annual stockholder meetings.
WM Technology also entered into its standard indemnification agreement with Mr. Rellas in connection with his appointment.
WM Technology, Inc. director Nicholas Antone Rellas reported an equity award of 466,309 shares of Class A Common Stock in the form of restricted stock units (RSUs). The shares were acquired at a stated price of $0.00 per share as a grant or award, and his direct holdings after the transaction total 466,309 shares.
Each RSU represents the right to receive one share of Class A Common Stock. The RSUs will vest in three equal annual installments on the dates of the next three annual meetings of stockholders, beginning with the company’s next annual meeting following the effectiveness of this grant, subject to any acceleration provisions and to Mr. Rellas’s continuous service under the company’s 2021 Equity Incentive Plan.