WM Technology co-founders withdraw $1.70/share take-private bid, may submit alternative

WM TECHNOLOGY, INC.

Douglas Francis and Justin Hartfield withdrew non-binding proposal dated Dec 17, 2024, to acquire all outstanding shares for $1.70 per share.
Co-founders cite external factors for withdrawal but will continue to evaluate a transaction and may submit an alternative proposal.
Special Committee of the Board confirmed receipt of withdrawal letter dated June 23, 2025, and remains committed to stockholder interests.
Special Committee retained Evercore as independent financial advisor and Allen Overy Shearman Sterling as legal advisor.

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