The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of WM Technology, Inc. (“WM Technology” or “the Company”) (NASDAQ: MAPS) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. WM Technology is the subject of an SEC litigation release issued on September 25, 2024. The SEC announced that it had “charged public company WM Technology, Inc. (Nasdaq: MAPS), its former CEO, Christopher Beals, and its former CFO, Arden Lee, for making negligent misrepresentations in WM Technology’s public reporting of a self-described key operating metric, the 'monthly active users,' or 'MAU,' for WM Technology’s online cannabis marketplace.” The announcement also noted that the SEC had “also instituted a related settled administrative proceeding against WM Technology” and that “WM Technology also agreed to pay a civil penalty of $1,500,000.”

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We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

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