WM Technology, Inc. Announces Voluntary Delisting from Nasdaq and Changes in Independent Auditors
WM Technology, Inc. is voluntarily delisting its Class A common stock and warrants from the Nasdaq Global Select Market, with the delisting expected to be effective around April 24, 2026. The company plans to file a Form 25 with the SEC on or about April 17, 2026, and subsequently a Form 15 to deregister its securities and suspend its reporting obligations. This decision was made by the Board of Directors to provide greater operational agility and focus, citing limitations of a Nasdaq listing for its business in the cannabis industry, lack of significant liquidity, and high associated costs. The company anticipates its securities will be quoted on the OTC Markets, though there is no guarantee of continued market making. Additionally, WM Technology has dismissed Baker Tilly US, LLP as its independent registered public accounting firm, citing adverse opinions on internal controls due to material weaknesses, and has engaged Macias Gini & OβConnell LLP as its new auditor. Scott Gordon has also resigned from the Board of Directors.