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Stock impact report

WM Technology Confirms Receipt of Non-Binding Proposal from Co-Founders Regarding Potential Take-Private

WM Technology, Inc. - Class A (MAPS) 
Company Research Source: Business Wire
Special Committee of Independent and Disinterested Directors to Review Proposal IRVINE, Calif.--(BUSINESS WIRE)--WM Technology, Inc. (“WM Technology” or the “Company”) (Nasdaq: MAPS), a leading technology and software infrastructure provider to the cannabis industry, today confirmed that it has received a non-binding proposal, dated December 17, 2024 (the “Proposal”), from Douglas Francis, a founder, Chief Executive Officer and Chairman of the Board of Directors (the “Board”) of WM Technology, and Justin Hartfield, a founder and stockholder of WM Technology, to purchase all of the outstanding common stock (Class A and Class V) of WM Technology not already beneficially owned by Messrs. Francis and Hartfield. Messrs. Francis and Hartfield currently beneficially own approximately 32% of the outstanding shares of WM Technology’s common stock.According to the terms of the Proposal, which is subject to certain conditions, Messrs. Francis and Hartfield would acquire all of the shares of c Show less Read more
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