secwatch.observer — SEC 8-K summary
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Issuer:     WM TECHNOLOGY, INC. (MAPS)
CIK:        0001779474
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0001779474-24-000033
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1779474/000177947424000033/0001779474-24-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1779474/000177947424000033/maps-20240722.htm
  HTML page:      https://secwatch.observer/filing/0001779474-24-000033

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