other material
confidence high
sentiment negative
materiality 0.90
WM TECHNOLOGY, INC. (MAPS): auditor change — WM Technology (MAPS) voluntarily delists from Nasdaq; last trading day on or about April 24, 2026
WM TECHNOLOGY, INC.
- Will file Form 25 on or about April 17, 2026; securities expected to be quoted on OTC Markets, but no guarantee of market making.
- Board cites limitations from Nasdaq listing on cannabis operations, low liquidity, and high regulatory costs as reasons.
- Dismissed auditor Baker Tilly; engaged Macias Gini & O'Connell; prior audits had adverse opinion on internal controls due to material weaknesses.
- Director Scott Gordon resigned effective April 6, 2026, with no disagreement with the company.
- Deregistration under Exchange Act planned via Form 15, suspending SEC reporting obligations.