IRVINE, Calif.–(Enterprise WIRE)–Dec 2, 2021–
WM Technological innovation, Inc. (“WM Technology” or the “Company”) (Nasdaq: MAPS), a main know-how and application infrastructure supplier to the cannabis field, submitted a Type S-1 with the Securities and Trade Commission (the “SEC”) on December 2, 2021 to sign up for resale shares of Course A popular inventory of the Company previously issued as partial thought for earlier introduced acquisitions that occurred in the fiscal 3rd quarter of 2021.
In the third quarter the Firm acquired the property of MembersRSVP, LLC and Textual content Ripple, Inc. (collectively recognized as “Sprout”) and the fairness pursuits of Transport Logistics Keeping Company, LLC d/b/a Merry Go Jane (“Cannveya and Canncurrent”). As part of the overall thought, the Enterprise issued a complete of 1,938,798 shares of Class A prevalent stock to specified stakeholders of the counterparties to these kinds of transactions (the “Selling Securityholders”). Additional detail can be identified in the Form 10-Q submitted by the Firm with the SEC on November 12, 2021.
The Advertising Securityholders may possibly provide, provide or distribute all or a portion of their shares of Class A widespread inventory publicly or through non-public transactions at prevailing sector charges or at negotiated rates. Having said that, the registration of the securities protected by the registration statement does not essentially suggest that the Advertising Securityholders will provide or promote any shares of Class A typical inventory in connection with these types of registration or within any particular timeframe.
WM Technology will not receive any proceeds from the sale of shares of Course A prevalent stock by the Promoting Securityholders pursuant to this prospectus.
Device Holder Quarterly Trade Notice Time period
On June 16, 2021, a small business mixture involving Silver Spike Acquisition Corp. (“Silver Spike”) and WM Keeping Business, LLC (“WMH”) was effected as a result of the merger of a merger sub of Silver Spike with and into WMH, with WMH surviving as a subsidiary of Silver Spike (the “Business Combination”). On the closing day of the Company Mix, Silver Spike altered its identify to WM Know-how, Inc.
As a end result of the Small business Mix, holders of models of WMH (“Units”) will be able to trade these Models, alongside one another with corresponding shares of Course V popular stock of the Corporation, for Course A prevalent inventory of the Enterprise through Quarterly Trade Notice Intervals, the to start with of which starts on the 3rd enterprise working day after the Firm announces its Q4 FY21 earnings. The Firm has not released a date for that announcement. Just after any these types of exchange, these kinds of holders would be able to provide their shares of Course A Widespread Inventory.
About WM Technological innovation
The Company’s mission is to power a clear and inclusive international cannabis economic system. Now in its next 10 years, WM Technological innovation has been a driving power driving a lot of the legislative modify we’ve noticed in the previous 10 decades.
Established in 2008, WM Know-how, is a main engineering and computer software infrastructure service provider to the cannabis market, comprising a B2C platform, Weedmaps, and B2B software package, WM Organization. The cloud-based SaaS methods from WM Business supply an conclude-to-finish operating procedure for hashish vendors. WM Business’ applications support compliance with the complicated, disparate, and continually evolving regulations applicable to the hashish field. By its web-site and cellular applications, WM Technology supplies customers with the most current facts about cannabis suppliers, brands, and items, facilitating solution discovery and driving engagement with our retail and model buyers.
WM Engineering retains a solid belief in the electrical power of cannabis and the worth of enabling secure, lawful entry to shoppers around the world. Because inception, WM Engineering has worked tirelessly, not only to turn into the most in depth system for buyers, but to make the software program answers that power businesses compliantly in the space, to advocate for legalization, social fairness, and licensing in quite a few jurisdictions, and to facilitate even further discovering by means of partnering with issue issue authorities on furnishing detailed, accurate info about the plant.
Headquartered in Irvine, California, WM Technological know-how supports distant perform for all eligible personnel. Pay a visit to us at www.weedmaps.com.
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Keyword: CALIFORNIA UNITED STATES NORTH The usa
Market Search term: Software Cell/Wi-fi On the internet RETAIL World-wide-web TOBACCO Data Administration SPECIALTY Know-how AGRICULTURE Pure Assets RETAIL Substitute Medicine Health
Source: WM Technology, Inc.
Copyright Company Wire 2021.
PUB: 12/02/2021 05:55 PM/DISC: 12/02/2021 05:56 PM
Copyright Business Wire 2021.