WM TECHNOLOGY, INC. (MAPS) Form 8-K — Oct 13, 2026
WM Technology's subsidiary Ghost Management Group terminated its 113,692 square-foot ROW DTLA lease in Los Angeles effective October 7, 2026, ending a lease originally set to run through February 2031. As consideration, the company will pay a $32.4 million termination fee in 53 monthly installments beginning October 2026, with a $1.5 million security deposit held as collateral and a 10% default interest rate if payments accelerate. WM Holding Company, LLC guaranties the fee. Separately, the subsidiary signed a smaller lease in Austin, Texas for roughly 26,223 square feet with estimated base rent of $14.3 million, plus a $1.7 million tenant improvement allowance.
Key figures
- Austin security
- $0.8 million letter of credit or cash deposit
- Termination fee
- $32,420,959.43 payable in 53 monthly installments starting October 2026
- Austin lease space
- approximately 26,223 rentable sq ft at 924 E. 7th Street, Austin, Texas
- Default interest rate
- 10% per annum upon acceleration
- Terminated lease space
- approximately 113,692 rentable sq ft at 767 S. Alameda Street, Los Angeles (ROW DTLA)
- Austin lease estimated base rent
- $14.3 million over ~114 months
- Terminated lease original expiry
- February 2031
- Austin tenant improvement allowance
- $1.7 million
- Security deposit held as collateral
- $1.5 million
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.