WM Technology (MAPS) files Form 25 to remove Class A shares and warrants from Nasdaq

Rhea-AI Filing Summary

WM Technology, Inc. notifies the SEC of removal of its Class A Common Stock and associated warrants from listing on the Nasdaq Global Select Market by filing a Form 25 on April 17, 2026.

The filing identifies Class A Common Stock (par value $0.0001 per share) and warrants exercisable for one share at an exercise price of $11.50 per share.

Insights

Exchange Listing Specialist

Delisting notification filed; action is procedural but affects trading venue.

The Form 25 formalizes removal of the issuer's listed securities from the Nasdaq Global Select Market as of the filing date April 17, 2026. This filing begins the administrative process to terminate registration under Section 12(b).

Market access and trading will shift depending on subsequent delisting orders and any transition to OTC markets; shareholders should watch for follow-up disclosures that specify effective delisting dates and transfer arrangements.

Key Figures

Form filed: Form 25 Filing date: April 17, 2026 Par value: $0.0001 per share +2 more

5 metrics

Form filed Form 25 Notification of removal from listing

Filing date April 17, 2026 Date signed by CEO Douglas Francis

Par value $0.0001 per share Class A Common Stock par value

Warrant exercise price $11.50 per share Each whole warrant exercisable for one share

Commission File Number 001-39021 SEC Commission file number on cover

Key Terms

Form 25, Section 12(b), Nasdaq Global Select Market, warrant exercisable

4 terms

Form 25 regulatory

"NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION"

A Form 25 is an official filing with the U.S. Securities and Exchange Commission used to remove a company's stock or other security from a national exchange list. Investors should care because delisting often means less visibility, lower trading volume and wider price swings—similar to a product moving from a major supermarket to a small local market, which can make buying, selling and valuing the security more difficult.

Section 12(b) regulatory

"removal from listing under Section 12(b) of the Securities Exchange Act"

Section 12(b) of the U.S. Securities Exchange Act requires securities listed on a national stock exchange to be registered with the U.S. Securities and Exchange Commission (SEC) and to follow regular public reporting and disclosure rules. For investors, a 12(b) listing generally means more routine financial updates, regulatory oversight and easier buying and selling—like a storefront that must display its inventory and prices, making it simpler to inspect and trade the product.

Nasdaq Global Select Market market

"listing venue identified as the Nasdaq Global Select Market"

A Nasdaq Global Select Market listing is the highest tier of stocks on the Nasdaq exchange, reserved for companies that meet the strictest financial, reporting and governance standards. For investors, it acts like a premium quality label—signaling larger, more transparent and better-governed companies that tend to offer greater liquidity and lower perceived risk compared with lower-tier listings, making it easier to buy, sell and evaluate shares.

warrant exercisable financial

"each whole warrant exercisable for one share at an exercise price of $11.50"

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549 

FORM 25 

NOTIFICATION OF REMOVAL FROM LISTING

AND/OR REGISTRATION UNDER SECTION 12(b)

OF THE SECURITIES EXCHANGE ACT OF 1934.

Commission File Number: 001-39021 

WM Technology, Inc.

The Nasdaq Global Select Market

(Exact name of Issuer as specified in its charter and name of Exchange where security is listed and/or registered)

41 Discovery

Irvine, CA 92618

(844) 933-3627

(Address, including zip code, and telephone number, including area code, of Issuer’s principal executive offices)

Class A Common Stock, par value $0.0001 per share

Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share

(Description of class of securities)

Please place an X in the box to designate the rule provisions relied upon to strike the class of securities from listing and registration:

¨ 17 CFR 240.12d2-2(a)(1)

¨ 17 CFR 240.12d2-2(a)(2)

¨ 17 CFR 240.12d2-2(a)(3)

¨ 17 CFR 240.12d2-2(a)(4)

¨ Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied with its rules to strike the class of securities from listing and/or withdraw registration on the Exchange.

x Pursuant to 17 CFR 240.12d2-2(c), the Issuer has complied with the rules of the Exchange and the requirements of 17 CFR 240.12d2-2(c) governing the voluntary withdrawal of the class of securities from listing and registration on the Exchange.

Pursuant to the requirements of the Securities Exchange Act of 1934, WM Technology, Inc. certifies that it has reasonable grounds to believe that it meets all of the requirements for filing the Form 25 and has caused this notification to be signed on its behalf by the undersigned duly authorized person.

April 17, 2026		By:	/s/ Douglas Francis
Date			Douglas Francis Chief Executive Officer (Principal Executive Officer)

FAQ

What does WM Technology's (MAPS) Form 25 mean for shareholders?

It notifies the SEC of intent to remove securities from Nasdaq. Shareholders may face a change in trading venue and should review later disclosures for effective delisting dates and transfer arrangements.

Which securities are being removed per the Form 25 for MAPS?

The filing lists Class A Common Stock, par value $0.0001 per share, and associated warrants exercisable for one share at an exercise price of $11.50 per share.

When was the Form 25 for WM Technology filed?

The notification was signed and dated April 17, 2026 by the Chief Executive Officer, Douglas Francis, reflecting the filing's execution date.

Does the Form 25 itself cancel the registration immediately?

No. Form 25 initiates removal; the effective termination of registration under Section 12(b) requires the exchange or SEC processing and an effective date disclosed in subsequent notices.

Will warrants exercisable into MAPS shares be affected?

The Form 25 lists warrants exercisable for one share at an exercise price of $11.50; the filing documents their listing removal but does not alter warrant terms or exercise mechanics.