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Olga Gonzalez, a director at WM Technology, INC. (NASDAQ:MAPS), sold 62,501 shares of Class A Common Stock on June 24, 2025. The shares were sold at a weighted-average price of $0.9115, for a total value of $56,969. Prices ranged from $0.9101 to $0.9208
The transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission. Following the sale, Gonzalez directly owns 432,690 shares of WM Technology, INC. Despite recent market challenges, the company maintains strong fundamentals with a healthy current ratio of 2.24 and positive earnings of $0.08 per share over the last twelve months.
The sale was executed under a pre-arranged 10b5-1 trading plan adopted by Gonzalez on September 4, 2024
In other recent news, WM Technology, Inc. reported its Q1 2025 earnings, revealing an earnings per share (EPS) of $0.02, which fell short of the anticipated $0.04. The company’s revenue reached $44.61 million, slightly below the expected $44.65 million, marking a 1% year-over-year increase. Despite missing these earnings forecasts, WM Technology’s stock saw a notable rise in aftermarket trading, reflecting investor optimism. In another development, the founders of WM Technology withdrew their proposal to buy the company’s outstanding shares for $1.70 each, citing "certain external factors" but leaving the door open for future proposals. The company’s board has retained Evercore Group L.L.C. and Allen Overy Shearman Sterling US LLP as independent advisors regarding potential transactions. Additionally, WM Technology appointed Baker Tilly US, LLP as its new independent registered public accounting firm following the merger of its previous auditor, Moss Adams LLP, with Baker Tilly. Moss Adams had issued an unqualified opinion on the company’s financial statements but an adverse opinion on its internal controls due to material weaknesses. These recent developments highlight ongoing strategic and operational shifts within WM Technology.
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