WM TECHNOLOGY, INC. 8-K

What Happened
WM Technology, Inc. (MAPS) announced on April 7, 2026 that it intends to voluntarily delist its Class A common stock and warrants from the Nasdaq Global Select Market and to deregister those securities under the Securities Exchange Act. The company notified Nasdaq it plans to file a Form 25 with the SEC on or about April 17, 2026 (delisting effective 10 days after that filing) and expects to file a Form 15 to suspend its reporting obligations under Sections 13(a) and 15(d). WM Technology also disclosed on April 3, 2026 that it dismissed Baker Tilly US, LLP as its independent registered public accounting firm and engaged Macias Gini & O’Connell LLP (MGO) as the new auditor for fiscal 2026. Separately, director Scott Gordon resigned from the board effective April 6, 2026 (not due to any disagreement with the company).

Key Details

• Company plans to file Form 25 on or about April 17, 2026; Nasdaq removal becomes effective 10 days after filing.
• Company expects to file Form 15 to deregister and suspend SEC reporting under Sections 12(b), 13(a) and 15(d).
• Baker Tilly’s audit reports for 2024 and 2025 contained unqualified opinions on the financial statements but an adverse opinion on internal control over financial reporting due to material weaknesses; BT was dismissed April 3, 2026.
• MGO was engaged as the new independent registered public accounting firm effective April 3, 2026.
• Director Scott Gordon resigned April 6, 2026; resignation not caused by disagreement with the company.
• The company intends the securities to be quoted on an OTC Markets platform after delisting, but noted there is no guarantee a market maker will continue to provide liquidity.

Why It Matters
Delisting and deregistration typically reduce visibility and liquidity for a company’s stock and warrants; WM Technology warns the price and tradability of its securities will likely be adversely affected. Suspension of SEC reporting means investors will no longer receive regular public filings (e.g., 10-Qs/10-Ks) once deregistration is effective. The auditor change and prior adverse opinion on internal controls are material governance and financial-reporting items investors should note. Retail investors holding MAPS shares or warrants should be aware of potential reductions in liquidity and the shift to OTC quotation after the Nasdaq removal.