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WM Technology ( (MAPS) ) has issued an update.
WM Technology has received a non-binding proposal from co-founders Douglas Francis and Justin Hartfield to acquire all outstanding shares of the company not already owned by them for $1.70 per share, representing a significant premium over current trading levels. A special committee of independent directors has been formed to evaluate the proposal with the assistance of financial and legal advisors, although there is no guarantee that a definitive agreement will be reached or the transaction completed.
More about WM Technology
WM Technology, founded in 2008 and headquartered in Irvine, California, is a leading technology and software infrastructure provider to the cannabis industry. The company operates Weedmaps, a prominent cannabis marketplace, and offers eCommerce and compliance software solutions for cannabis businesses in U.S. state-legal markets.
YTD Price Performance: 93.06%
Average Trading Volume: 832,390
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $213M
Learn more about MAPS stock on TipRanks’ Stock Analysis page.
