secwatch.observer — SEC 8-K summary
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Issuer:     WM TECHNOLOGY, INC. (MAPS)
CIK:        0001779474
Form:       8-K
Filed at:   2024-04-08T23:59:59+00:00
Accession:  0001779474-24-000008
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WM Technology flagged by Nasdaq for late 10-K filing due to finance leadership change and material weaknesses
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1779474/000177947424000008/0001779474-24-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1779474/000177947424000008/maps-20240402.htm
  HTML page:      https://secwatch.observer/filing/0001779474-24-000008

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