Cision PR Newswire

NEW YORK, Sept. 29, 2024 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of WM Technology, Inc. ("WM Technology" or "the Company") (NASDAQ: MAPS). Investors who purchased WM Technology securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/MAPS.

Investigation Details

On September 25, 2024, the U.S. Securities and Exchange Commission (the "SEC") issued a litigation release. It 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 same announcement 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." Following this news, WM Technology stock dropped 1.9% that same day.

What's Next?

If you are aware of any facts relating to this investigation or purchased WM Technology securities, you can assist this investigation by visiting the firm's site: bgandg.com/MAPS. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.

There is No Cost to You

We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.

Attorney advertising. Prior results do not guarantee similar outcomes.

Contact

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
332-239-2660 | info@bgandg.com

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SOURCE Bronstein, Gewirtz & Grossman, LLC