WM Technology A

WM Technology announces it will voluntarily take its Class A common shares and warrants off Nasdaq and plans to file Form 25 around April 17, 2026; the last trading day is expected to be around April 24, 2026. The company also intends to file Form 15 to suspend reporting and registration obligations under the Exchange Act. The board cites regulatory constraints in the cannabis market, low stock liquidity and the costs of ongoing disclosure obligations as reasons; WM simultaneously highlights a strong balance sheet with more cash than debt, profitability and high gross margin. After delisting, WM Technology aims to list on a market of the OTC Markets Group, but notes that no broker is required to make the stock tradable. » Mere på de.investing.com

WM Technology reported Q4 2025 revenue of $43.1m (‑9.6% y/y) and a net loss of $5.0m, while adjusted EBITDA and margin decreased. One‑time impairments of $7.8m weighed on results; annual revenue fell to $174.7m and net income for 2025 declined sharply. Operationally, the company saw fewer paying customers and lower revenue per customer, pointing to pricing pressure and industry weakness. Despite the results, liquidity remained solid with $62.4m in cash. Management expects a further sequential revenue decline in Q1 2026 but plans to invest in growth opportunities in new markets. » Mere på de.investing.com

WM Technology received a formal notice from Nasdaq because the closing price of its Class A shares was below $1.00 for 30 consecutive trading days. The company has until August 3, 2026 (180 days) to regain compliance by closing at or above $1.00 for at least ten consecutive trading days; alternatively, a possible 180-day extension may be available under certain conditions. WM Technology also reported weaker Q3 2025 results (EPS $0.02 vs. $0.04 expected; revenue $42.18 million vs. $43.05 million expected), but InvestingPro describes its overall financial position as “good,” with a current ratio of 2.54. » Mere på de.investing.com