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WM Technology ( (MAPS) ) has issued an announcement.
On June 23, 2025, WM Technology received a letter from its co-founders, Doug Francis and Justin Hartfield, withdrawing their previous proposal to acquire all outstanding shares of the company. The Special Committee of the Board of Directors confirmed the withdrawal and stated that the co-founders might consider submitting an alternative proposal in the future. The committee, which has retained Evercore Group L.L.C. as its financial advisor and Allen Overy Shearman Sterling US LLP as its legal advisor, remains committed to acting in the best interests of all stockholders.
Spark’s Take on MAPS Stock
According to Spark, TipRanks’ AI Analyst, MAPS is a Neutral.
WM Technology’s overall stock score reflects solid financial performance with strong cash flow and gross margins. The earnings call adds some optimism with growth in clients and technology, but is offset by regulatory challenges and increased expenses. Technical analysis indicates weak momentum and bearish trends, while valuation remains moderate.
To see Spark’s full report on MAPS stock, click here.
More about WM Technology
WM Technology, founded in 2008 and headquartered in Irvine, California, operates Weedmaps, a prominent cannabis marketplace. The company provides eCommerce and compliance software solutions for cannabis businesses in U.S. state-legal markets, advocating for full U.S. legalization and industry-wide social equity.
Average Trading Volume: 715,774
Technical Sentiment Signal: Strong Sell
Current Market Cap: $143.4M
For a thorough assessment of MAPS stock, go to TipRanks’ Stock Analysis page.