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Stock impact report

WM Technology Confirms Receipt of Non-Binding Proposal from Co-Founders Regarding Potential Take-Private [Yahoo! Finance]

WM Technology, Inc. - Class A (MAPS) 
Company Research Source: Yahoo! Finance
The Board has formed a special committee consisting of disinterested and independent directors to consider the proposal, which has retained Evercore Group L.L.C. as its independent financial advisor and Allen Overy Shearman Sterling US LLP as its independent legal advisor. Was this helpful? Yes No How will the co-founders finance the proposed transaction? The co-founders plan to roll 100% of their current equity interests in the Company, which account for approximately 32% of common shares outstanding, and have received proposals from potential financing partners to secure the debt and equity financing required for the proposal. Was this helpful? Yes No Why do the co-founders believe their proposal is in the best interests of WM Technology's stockholders? The co-founders believe that their proposal presents the Company's public stockholders with a value-maximizing alternative to WM's current strategic trajectory and an opportunity to de-risk their investment, give Show less Read more
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