ROSEN, GLOBAL INVESTOR COUNSEL, Encourages WM Technology Investors with Losses in Excess of $100K to Secure Counsel Before Important March 8 Deadline in Securities Class Action – MAPS II Acquisition Corp., a SPAC Sponsored by WM Holding Company, LLC – Increased Losses Caused by Alleged Material Misrepresentations in Redacted Form S-4 Related to Projections and Valuation
New York, Feb. 21, 2022 (GLOBE NEWSWIRE) – WHY: Rosen Law Firm, a global investor rights law firm, urges purchasers of the securities of WM Technology, Inc. (NYSE: MAPS), between January 16, 2021 and September 2, 2022, as well as all those who previously acquired WM Holding Company, LLC securities pursuant and/or traceable to the registration statement and prospectus issued in connection with WM’s merger with MAPS (the “Registration Statement”), to secure counsel before the important March 8, 2023 lead plaintiff deadline in the class action. Investors may choose to apply to be a lead plaintiff in the case by filing a motion with the Court. ROSEN encourages investors with significant losses in excess of $100K to seek the advice of counsel.
CASE DETAILS: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) MAPS II Acquisition Corp., which was sponsored by WM Holding Company, LLC, was projected to have significant losses for fiscal year 2021, while touting its projections for 2022 and beyond; and (2) after the merger, the projected EBITDA for 2022 and 2023 was not achievable.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 8, 2023.
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