WM TECHNOLOGY, INC. 8-K

What Happened

• WM Technology, Inc. (ticker: MAPS) announced on Feb 5, 2026 that it received a Nasdaq Listing Qualifications letter dated Feb 4, 2026 notifying the company that its Class A common stock has closed below the $1.00 minimum bid price required under Nasdaq Listing Rule 5450(a)(1) for 30 consecutive business days. This is a notice of deficiency, not a delisting, and the shares continue to trade on Nasdaq (MAPS) for now.

Key Details

• Nasdaq cited a closing bid price below $1.00 for the last 30 consecutive business days (letter received Feb 4, 2026).
• The company has a 180-calendar-day compliance period to regain the $1.00 minimum closing bid price, through Aug 3, 2026 (Nasdaq Listing Rule 5810(c)(3)(A)).
• To cure the deficiency during the period, the closing bid must be at least $1.00 for a minimum of ten consecutive business days (subject to Nasdaq staff discretion).
• If not cured, WM Technology may apply to transfer to the Nasdaq Capital Market and seek a second 180-day cure period (which may require meeting market value/publicly-held share tests and could involve a reverse stock split). The company retains the right to appeal any delisting determination.

Why It Matters

• For investors: the notice signals a risk that MAPS could face delisting if the company does not regain the $1.00 bid threshold within the allowed periods. Shares remain tradable on Nasdaq for now, but failure to cure could reduce liquidity, limit institutional ownership, and negatively affect share value.
• The company said it will monitor the stock price and consider options (including a possible reverse stock split) but offered no assurance it will regain compliance. The filing includes customary forward-looking statement caution.