Faruqi & Faruqi Reminds WM Technology Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of December 16, 2024 – MAPS

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against WM Technology, Inc. due to allegations of misleading statements regarding its monthly active user metrics, which have reportedly inflated for years, leading to investor losses [2][4]. Group 1: Legal Proceedings - A federal securities class action has been filed against WM Technology, with a deadline of December 16, 2024, for investors to seek the role of lead plaintiff [2]. - The SEC has charged WM Technology, its former CEO Christopher Beals, and former CFO Arden Lee for negligent misrepresentations regarding the company's monthly active users [5]. - WM Technology has agreed to pay a civil penalty of $1,500,000 as part of the SEC's proceedings [5]. Group 2: Investor Impact - Investors who suffered losses exceeding $75,000 in WM Technology between May 25, 2021, and September 24, 2024, are encouraged to discuss their legal rights [1]. - The lawsuit claims that when the true details about the company's user metrics were revealed, investors suffered damages [4]. Group 3: Company Background - WM Technology, Inc. is publicly traded on NASDAQ under the ticker MAPS and operates an online cannabis marketplace [5]. - Faruqi & Faruqi, LLP has a history of recovering hundreds of millions of dollars for investors since its founding in 1995 [3].