WM TECHNOLOGY, INC. (MAPS): Nasdaq/NYSE listing notice — WM Technology flagged by Nasdaq for late 10-K filing due to finance leadership change and material weaknesses
WM TECHNOLOGY, INC.
Received Nasdaq notice on April 2 for failure to timely file 10-K (FY2023); must submit compliance plan by June 3.
Delay attributed to recent change in executive finance leadership and material weaknesses in internal controls.
If plan accepted, Nasdaq may grant extension to September 30, 2024 to file the 10-K and regain compliance.
Also regained compliance with $1 minimum bid price rule as of April 8 (closing price ≥$1 for 10 consecutive days).
No immediate effect on listing; company expects to file 10-K as soon as practicable.
WM TECHNOLOGY, INC. received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).
Exchange
nasdaq
Notice
deficiency notice
Deficiency
late filing
Rules
5250(c)(1)
Exact text from the filing
April 2, 2024, WM Technology, Inc. (the “Company”) received a notice (the “Notice”) from the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market (“Nasdaq”), which indicated that, as a result of the Company’s delay in filing its Annual Report on Form 10-K for the year ended December 31, 2023 (the “Annual Report”), the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Rule”), which requires Nasdaq-listed companies to timely file all required periodic financial reports with the U.S. Securities and Exchange Commission (the “SEC”). The Notice states that
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