WM Holding went public via a SPAC merger with Silver Spike Acquisition in a $1.5bn deal.

WM Holding, a technology and software infrastructure provider to the cannabis industry, went public via a SPAC merger with Silver Spike Acquisition in a $1.5bn deal. The transaction includes a PIPE investment from AFV Partners, Federated Hermes Kaufmann Funds, Senvest Management and Silver Spike Capital. "We are thrilled to partner with Silver Spike to transition WMH to our next phase of growth as a public company. Our partnership with Silver Spike will provide us a stronger platform to advance our mission to advocate for legalization, social equity and licensing in many jurisdictions while providing cannabis businesses with the tools needed to succeed in a highly complex world of regulations," Chris Beals, WMH CEO.