Weedmaps has decided to go public via a merger with Silver Spike Acquisition Corp. (NASDAQ: SSPK).
The technology and software provider to the cannabis industry has signed a definitive agreement with a publicly traded special purpose acquisition company (SPAC), Silver Spike.
WM Holding Company LLC, Weedmaps' parent company, will continue to operate its online marketplace for cannabis consumers. The merged company will stay listed on the Nasdaq stock market, and it will be run by WMH CEO Chris Beals.
Silver Spike CEO and Chairman Scott Gordon will join its Board of Directors once the transaction is finalized.
It is projected for the combined company to poses an equity value of roughly $1.5 …