InsideArbitrage Potential Deal Alert: WM Technology (MAPS) Co-Founders Propose $1.70 Per Share Buyout

POTENTIAL DEAL DETAILS

Co-founders Justin Hartfield and Doug Francis, who is the current CEO of WM Technology (MAPS), submitted a non-binding proposal to acquire all of the outstanding shares of common stock (Class A and Class V) of WM for $1.70 per share in cash.

WM Technology, Inc. Investor Relations

Update(s):

December 18, 2024: WM Technology (MAPS) confirmed that it has received a non-binding proposal from Douglas Francis and Justin Hartfield to purchase all of the outstanding common stock (Class A and Class V) of WM Technology not already owned by them. The Board has formed a special committee of independent directors to consider the Proposal. The special committee has retained Evercore Group as its independent financial advisor and Allen Overy Shearman Sterling as its independent legal advisor to assist it in considering the Proposal.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.