secwatch.observer — SEC 8-K summary
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Issuer:     WM TECHNOLOGY, INC. (MAPS)
CIK:        0001779474
Form:       8-K
Filed at:   2024-04-02T23:59:59+00:00
Accession:  0001779474-24-000006
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WM Tech prelim FY2023 rev $185-195M; delays 10-K on material weaknesses
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- Prelim FY2023 revenue $185-195M; adjusted EBITDA $33-37M.
- Cash $34M at Dec 31, 2023, up ~20% from $28.6M.
- Delays 2023 10-K filing due to finance leadership change and expected material weaknesses.
- Material weaknesses in internal controls: control environment, risk assessment, and IT controls.
- Executive Chair notes industry headwinds but positive trends in cannabis legalization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1779474/000177947424000006/0001779474-24-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1779474/000177947424000006/maps-20240401.htm
  HTML page:      https://secwatch.observer/filing/0001779474-24-000006

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer