WM Technology (MAPS) Stock Slides After Hours On Tuesday: What Is Going On?

Benzinga04-08

WM Technology Inc (NASDAQ:MAPS) declined sharply in after-hours trading on Tuesday after the company announced plans to voluntarily delist its shares from Nasdaq. MAPS closed the regular session down ...

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Going On?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-04-08 13:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/equities/26/04/51696140/wm-technology-maps-stock-slides-after-hours-why><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>WM Technology Inc (NASDAQ:MAPS) declined sharply in after-hours trading on Tuesday after the company announced plans to voluntarily delist its shares from Nasdaq.\nMAPS closed the regular session down ...</p>\n\n<a href=\"https://www.benzinga.com/markets/equities/26/04/51696140/wm-technology-maps-stock-slides-after-hours-why\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2298064838.USD","symbol_name":"NINETY ONE GSF GLOBAL ENVIRONMENT \"A\" (USD) 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The stock has traded between a 52-week low of $0.60 and a high of $1.36.\nThe company announced Tuesday that it will voluntarily delist its Class A common stock and warrants from the Nasdaq Global Select Market.\nWM Technology expects to file a Form 25 with the U.S. Securities and Exchange Commission around April 17, with the final trading day on Nasdaq expected around April 24.\nFollowing delisting, the company plans to deregister its securities and suspend its reporting obligations under the Securities Exchange Act.\nThe company's board said the decision followed a detailed review of operational and financial factors.\nManagement cited limitations imposed by a Nasdaq listing, challenges in achieving long-term value in the cannabis sector, low trading liquidity, limited analyst coverage, and the high costs associated with regulatory compliance.\nCEO Doug Francis said the move would provide greater flexibility to operate in a highly regulated and evolving cannabis market.\nAfter delisting, WM Technology expects its shares to trade on a market operated by OTC Markets Group.\nHowever, the company noted there is no guarantee that an active trading market will continue or that liquidity levels will remain stable.\nWM Technology has a market capitalization of approximately $113.08 million and is trading closer to its 52-week low than its high.\nBenzinga Edge Rankings indicate the stock shows a positive short-term price trend, while medium- and long-term trends remain negative.\nDisclaimer: This content was produced with the help of AI tools and was reviewed and published by Benzinga editors.\nPhoto Courtesy: KeyFame on Shutterstock.com\nTo add Benzinga News as your preferred source on Google, click here.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.1","shortVersion":"4.42.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2625499711","isCrawlerRequest":true}