Added to YB: 2025-06-18
Pitch date: 2025-06-16
MAPS [bullish]
WM Technology, Inc.
-17.26%
current return
Author Info
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Company Info
WM Technology, Inc., an online cannabis marketplace, provides ecommerce and compliance software solutions to retailers and brands in cannabis market in the United States and internationally.
Market Cap
$107.2M
Pitch Price
$1.05
Price Target
1.70 (+83%)
Dividend
N/A
Sector
Software
Category
special_situation
WM Technology (MAPS:NASDAQ)
MAPS: Non-binding $1.70 take-private bid from founders (39.5% owners) stalled 6 months. Founders likely delaying to depress price ($1.02) & increase deal acceptance. CEO's conflicted 8.7M share grant (5.2%) w/ CiC terms suggests pre-planned takeover. At 2.6x FY25 EV/EBITDA, offers asymmetric upside w/ downside protection if deal fails.
Read full article (18 min)