24/7 Market News Snapshot 25 June, 2025 – WM Technology, Inc. Class A Common Stock (NASDAQ:MAPS)

June 25, 2025

DENVER, Colo., 25 June, 2025 (www.247marketnews.com) – (Nasdaq:MAPS) are discussed in this article.
WM Technology, Inc. (Nasdaq:MAPS), renowned for its role as a leading technology and software infrastructure provider to the cannabis sector, has experienced recent market fluctuations, opening today at $0.925 before a decline of approximately 7.43% to settle at $0.860. Current trading volume is recorded at 2.27 million shares, reflecting substantial market activity. The bearish trend indicates potential resistance at $0.925, with support likely to be tested around recent lows. Investors are urged to monitor trading volume and market sentiment closely, as sustained downward pressure could lead to further declines. Key technical indicators such as the Relative Strength Index (RSI) and moving averages will further inform about potential reversal points or ongoing downtrends in the coming sessions.

In a significant corporate update, WM Technology’s Special Committee of the Board of Directors has addressed a non-binding proposal from co-founders Douglas Francis and Justin Hartfield. This proposed acquisition, aimed at purchasing all outstanding common stock at $1.70 per share, has been officially withdrawn due to various external factors. Although this setback is noted, both founders remain engaged in assessing new transaction possibilities and are committed to prioritizing stakeholders’ interests.

To ensure a thorough and impartial review process, the Special Committee has retained Evercore Group L.L.C. as its independent financial advisor and Allen Overy Shearman Sterling US LLP as its legal advisor. While no definitive agreements are in place at this moment, the Committee is dedicated to transparency and will provide updates on developments as they unfold.

WM Technology continues to leverage its innovative solutions through Weedmaps, a pivotal marketplace that enhances consumer access to cannabis products. In a rapidly evolving industry, the company advocates for comprehensive legalization and equitable practices, aiming to inform and support consumers and businesses alike.

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