Newman Ferrara LLP Announces Corporate Governance Investigation of WM Technology, Inc. – MAPS
19 Agosto 2024 - 4:22PM
Business Wire
Newman Ferrara LLP announced today that the firm is conducting
an investigation on behalf of shareholders of WM Technology, Inc.
(“WM Technology” or the “Company”) (NASDAQ:MAPS) into potential
breaches of fiduciary duty by the Company’s Board of Directors (the
“Board”).
WM Technology, headquartered in Irvine, CA, is a technology and
software infrastructure provider to the cannabis industry,
comprised of the B2C platform Weedmaps, and B2B software WM
Business. Newman Ferrara’s investigation focuses on decisions made
by the Board, without shareholder approval, the result of which
significantly diminish shareholder value and do not benefit the
Company. Considering the Company’s lackluster performance since its
2021 de-SPAC transaction, it is clear that the Board lacks the
ability to fairly assess and oversee the Company’s direction and
leadership.
Current WM Technology stockholders seeking more information on
this matter are invited to contact Newman Ferrara attorneys Jeffrey
Norton (jnorton@nfllp.com) or Benjamin Baker (bbaker@nfllp.com) to
discuss this investigation and their rights.
Newman Ferrara maintains a multifaceted practice based in New
York City with attorneys specializing in complex commercial and
multi-party litigation, securities fraud and shareholder
litigation, consumer protection, civil rights, and real estate. For
more information, please visit the firm website at
www.nfllp.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240819068352/en/
Newman Ferrara LLP Benjamin Baker bbaker@nfllp.com 1250
Broadway, 27th Fl. New York, NY 10001 (212) 619-5400
WM Technology (NASDAQ:MAPS)
Gráfica de Acción Histórica
De Jul 2024 a Ago 2024
WM Technology (NASDAQ:MAPS)
Gráfica de Acción Histórica
De Ago 2023 a Ago 2024