Benzinga | Dec 2, 2021 05:56PM EST

WM Technology Files Form S-1 To Register Shares Of Class A Common Stock Issued As Part of Q3 2021 Acquisitions

WM Technology, Inc. ("WM Technology" or the "Company") (NASDAQ:MAPS), a leading technology and software infrastructure provider to the cannabis industry, filed a Form S-1 with the Securities and Exchange Commission (the "SEC") on December 2, 2021 to register for resale shares of Class A common stock of the Company previously issued as partial consideration for previously announced acquisitions that occurred in the fiscal third quarter of 2021.

In the third quarter the Company acquired the assets of MembersRSVP, LLC and Text Ripple, Inc. (collectively known as "Sprout") and the equity interests of Transport Logistics Holding Company, LLC d/b/a Merry Go Jane ("Cannveya and Canncurrent"). As part of the total consideration, the Company issued a total of 1,938,798 shares of Class A common stock to certain stakeholders of the counterparties to such transactions (the "Selling Securityholders"). Additional detail can be found in the Form 10-Q filed by the Company with the SEC on November 12, 2021.

The Selling Securityholders may offer, sell or distribute all or a portion of their shares of Class A common stock publicly or through private transactions at prevailing market prices or at negotiated prices. However, the registration of the securities covered by the registration statement does not necessarily indicate that the Selling Securityholders will offer or sell any shares of Class A common stock in connection with such registration or within any specific timeframe.

WM Technology will not receive any proceeds from the sale of shares of Class A common stock by the Selling Securityholders pursuant to this prospectus.