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WM Technology ( (MAPS) ) has issued an update.
On April 7, 2026, WM Technology announced plans to voluntarily delist its Class A common stock and warrants from the Nasdaq Global Select Market, with a Form 25 filing targeted for around April 17, 2026 and an expected last Nasdaq trading day near April 24, 2026. The company then aims to deregister these securities under the Exchange Act, which would end its obligation to file periodic reports with U.S. regulators.
The board concluded that leaving Nasdaq better serves shareholders and other stakeholders, citing operational limits tied to serving cannabis end markets, constrained prospects for long-term value creation, low trading liquidity and coverage, and the cost and management burden of public-company compliance. WM Technology expects its securities to transition to OTC trading, but warns there is no assurance of an active market, and acknowledges the likelihood of reduced liquidity and pressure on its share and warrant prices.
The most recent analyst rating on (MAPS) stock is a Hold with a $0.64 price target. To see the full list of analyst forecasts on WM Technology stock, see the MAPS Stock Forecast page.
Spark’s Take on MAPS Stock
According to Spark, TipRanks’ AI Analyst, MAPS is a Neutral.
The score is held back primarily by multi-year revenue declines and cautious forward commentary (expected Q1 2026 sequential revenue drop and limited 2026 visibility), alongside weak technicals and a high P/E for thin earnings. Offsetting factors include stronger cash generation, improved leverage, and ongoing cost discipline supporting profitability.
To see Spark’s full report on MAPS stock, click here.
More about WM Technology
WM Technology, based in Irvine, California, operates Weedmaps, a leading online cannabis marketplace connecting consumers with dispensaries and brands in U.S. state-legal markets. Founded in 2008, the company also provides e-commerce enablement and compliance software tools that help cannabis retailers and brands reach consumers, streamline operations, and manage complex regulatory requirements in the evolving cannabis industry.
Average Trading Volume: 858,829
Technical Sentiment Signal: Sell
Current Market Cap: $113.4M
See more insights into MAPS stock on TipRanks’ Stock Analysis page.