Leafly Holdings Inc 2025年季度报告

Leafly Holdings, Inc. (Exact Name of Registrant as Specified in its Charter) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company,or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging Large accelerated filerNon-accelerated filerEmerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ As of May 5, 2025, the registrant had3,137,380shares of common stock, $0.0001 par value per share, outstanding. INDEX Cautionary Note Regarding Forward-Looking Statements This Quarterly Report on Form 10-Q (“Quarterly Report”) contains a number of forward-looking statements within the meaning ofthe Private Securities Litigation Reform Act of 1995. All statements, other than statements of present or historical fact included inor incorporated by reference in this Quarterly Report regarding Leafly Holdings, Inc.’s (referred to herein as, “Leafly” or the“Company” or “we”, “our” or “us”) future financial performance, strategy, operations, operating results, financial position,estimated revenues, losses, projected costs, prospects, plans and objectives of management are forward-looking statements.Forward-looking statements may appear throughout this Quarterly Report, including in the following sections: “Management’sDiscussion and Analysis of Financial Condition and Results of Operations” (Part I, Item 2). Words and variations of words, such as •discuss future expectations; or•contain projections of future results of operations or financial condition; or You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of thisQuarterly Report. All forward-looking statements included herein are expressly qualified in their entirety by the cautionary statements contained orreferred to in this section. These cautionary statements are being made pursuant to federal securities laws with the intention ofobtaining the benefits of the “safe harbor” provisions of such laws. Except to the extent required by applicable laws and There may be events in the future that Leafly is not able to predict accurately or over which it has no control. The section in theCompany’s Annual Report on Form 10-K for the year ended December 31, 2024 (the “2024 Annual Report”) and in this QuarterlyReport entitled “Risk Factors,” and the section of this Quarterly Report entitled “Management’s Discussion and Analysis of These examples include: •the substantial doubt regarding the Company’s ability to continue as a going concern because it does not currently havethe ability to repay the convertible notes due in July 2025;•the Company’s inability to raise sufficient capital or financing in the future to execute its business plan and pay its debtand other obligations when due;•the size, demands and growth potential of the markets for the Company’s products and services and the Company’sability to serve those markets; LEAFLY HOLDINGS, INC.CONSOLIDATED BALANCE SHEETS (in thousands, except share and per share amounts) LEAFLY HOLDINGS, INC See Notes to Condensed Consolidated Financial Statements. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except share and per share amounts) NOTE 1 — Description of the Business Description of the Business Leafly Holdings, Inc. (“Leafly” or “the Company”) is an online cannabis discovery marketplace and resource for cannabisconsumers. Leafly provides an information resource platform with a deep library of content, including detailed information aboutcannabis strains, retailers and current events. Leafly was incorporated in the state of Delaware on June 20, 2019 and is The Company has three wholly-owned subsidiaries, Leafly Canada Ltd., Leafly Deutschland GmbH and Leafly, LLC (“LegacyLeafly”). Legacy Leafly is the accounting predecessor of Leafly. The accompanying consolidated financial statements include the On February 4, 2022, Leafly consummated a seri