---
schema_version: "secwatch.filing_event.v1"
accession: "0001779474-24-000033"
form_type: "8-K"
ticker: "MAPS"
cik: "0001779474"
company_name: "WM TECHNOLOGY, INC."
filed_at: "2024-07-25T23:59:59+00:00"
generated_at: "2026-05-31T16:20:50.504718+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# WM Technology agrees to settle SEC investigation over MAU metric, pay $1.5M penalty

## Summary
- SEC staff investigation focused on calculation and reporting of monthly active users (MAUs) previously disclosed.
- Company consents to administrative cease-and-desist order without admitting or denying SEC findings.
- Civil penalty of $1,500,000; no impact on GAAP financial results or reported non-GAAP metrics.
- Settlement is subject to mutual agreement on language and SEC approval; no assurance of consummation.

## SEC filing metadata
- accession: 0001779474-24-000033
- form_type: 8-K
- ticker: MAPS
- cik: 0001779474
- company_name: WM TECHNOLOGY, INC.
- filed_at: 2024-07-25T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1779474/000177947424000033/0001779474-24-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1779474/000177947424000033/maps-20240722.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001779474-24-000033
- JSON: https://secwatch.observer/filing/0001779474-24-000033.json
- Plain text: https://secwatch.observer/filing/0001779474-24-000033.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.