0001779474FALSE41 DiscoveryIrvineCalifornia00017794742023-01-052023-01-050001779474us-gaap:CommonClassAMember2023-01-052023-01-050001779474us-gaap:WarrantMember2023-01-052023-01-05


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 5, 2023


WM TECHNOLOGY, INC.
(Exact name of registrant as specified in its charter)

Delaware 001-39021 98-1605615
(State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification No.)

41 Discovery
Irvine, California
 92618
(Address of principal executive offices) (Zip Code)
(844) 933-3627
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:

☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240-13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading symbol(s) Name of each exchange on which registered
Class A Common Stock, $0.0001 par value per share
MAPS
 The Nasdaq Global Select Market
Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share
MAPSW
 The Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b–2 of the Securities Exchange Act of 1934 (§240.12b–2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On January 5, 2023, the Compensation Committee of the Board of Directors (the “Board”) of WM Technology, Inc., a Delaware corporation (the “Company”), granted Douglas Francis, Executive Chair of the Board, an award of 481,927 restricted stock units with an approximate value of $800,000, based on the average closing price of the Company’s Class A common stock for the 90-day period prior to the grant date (the “RSU Grant”), in recognition of his leadership of the Company’s executive team since August 2022. The shares subject to the RSU Grant will vest in two equal quarterly increments on May 15, 2023 and August 15, 2023, subject to Mr. Francis's Continuous Service (as defined in the Company's 2021 Equity Incentive Plan or award agreement) on each such vesting date. Mr. Francis has not received any cash compensation or other compensation to date.


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: January 11, 2023
WM TECHNOLOGY, INC.
By: /s/ Arden Lee
Arden Lee
Chief Financial Officer

WM Technology (NASDAQ:MAPS)
Historical Stock Chart
From Feb 2023 to Mar 2023 Click Here for more WM Technology Charts.
WM Technology (NASDAQ:MAPS)
Historical Stock Chart
From Mar 2022 to Mar 2023 Click Here for more WM Technology Charts.