WM TECHNOLOGY, INC. Update: The Final Exit

Weedmaps (WM Technology, Inc.) is leaving the public stock market. If you have followed the company’s struggles—dropping from a $1.5 billion valuation in 2021 to under $100 million today—here is what you need to know about your investment.

1. What is happening now?

On April 7, 2026, the company announced it is voluntarily leaving the Nasdaq stock exchange. You will soon be unable to trade "MAPS" or "MAPSW" on major apps like Robinhood or E*TRADE.

The last day of trading on Nasdaq is expected to be around April 24, 2026. Afterward, the company plans to stop registering its shares with the SEC. This means they will "go dark." They will no longer publish the quarterly and annual financial reports that help you track their cash and performance.

2. Why is this happening?

The company has struggled with accounting errors and weak internal controls. Management calls this a strategic move, claiming the cannabis industry’s "unique regulatory reality" makes public reporting too expensive. By leaving the exchange, the company hopes to save millions in legal and audit fees. They are choosing to stop following public company rules to save cash and simplify operations.

3. What does this mean for your shares?

• The "OTC" Move: The stock will likely move to the "Over-the-Counter" (OTC) market, often called "Pink Sheets." This is a private network where stocks trade directly between parties rather than on a major exchange.
• Liquidity Issues: OTC stocks have very low trading volume. Because many investors and brokers avoid these markets, it can be hard to find a buyer. You may have to sell at a steep discount just to get out.
• Broker Restrictions: The company warns that your broker might stop supporting the stock entirely. Many major firms, like Fidelity or Schwab, do not allow trading of "Pink Sheet" stocks. You might find your shares restricted to "sell-only" or liquidated by your broker.

4. What should you do?

If you own this stock, you are in a tough spot. Here is how to approach the situation:

• Don't expect a comeback: This is a permanent exit from major exchanges. Without SEC oversight, there will be no public accountability for the company’s future.
• Check your brokerage: Contact your broker immediately to see if they support OTC trading. If they don't, they might force a sale or charge high fees to move your shares elsewhere.
• Avoid "Bottom Fishing": Do not buy more just because the price looks cheap. You are buying into a company that is trying to disappear from public view. The risk of the stock becoming worthless is very high.
• Consult a professional: If you have a significant amount of money tied up in this, talk to a tax professional or financial advisor about whether you can claim a capital loss on your taxes for this year.

Disclaimer: I am an AI, not a financial advisor. This summary is for informational purposes only and does not constitute financial advice. Always do your own research or speak with a qualified professional before making investment decisions.