---
schema_version: "secwatch.filing_event.v1"
accession: "0001779474-25-000027"
form_type: "8-K"
ticker: "MAPS"
cik: "0001779474"
company_name: "WM TECHNOLOGY, INC."
filed_at: "2025-06-25T23:59:59+00:00"
generated_at: "2026-05-18T19:44:09.485690+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001779474-25-000027
- form_type: 8-K
- ticker: MAPS
- cik: 0001779474
- company_name: WM TECHNOLOGY, INC.
- filed_at: 2025-06-25T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1779474/000177947425000027/0001779474-25-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1779474/000177947425000027/maps-20250623.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001779474-25-000027
- JSON: https://secwatch.observer/filing/0001779474-25-000027.json
- Plain text: https://secwatch.observer/filing/0001779474-25-000027.txt

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