Welcome to our dedicated page for TSIA news (Ticker: TSIA), a resource for investors and traders seeking the latest updates and insights on TSIA stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect TSIA's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of TSIA's position in the market.
TS Innovation Acquisitions Corp. (NASDAQ: TSIA) announced stockholder approval for its business combination with Latch, Inc. on June 3, 2021. Approximately 98% of votes cast approved the merger, which is set to close on June 4, 2021. The combined company will trade under the ticker symbol 'LTCH' starting June 7, 2021. Latch is expected to receive $453 million in cash, including $190 million from a private placement, aimed at funding growth initiatives across new markets and asset classes.
Latch, Inc. announced a merger with TS Innovation Acquisitions Corp. (NASDAQ: TSIAU) that will lead to Latch becoming a publicly listed company valued at $1.56 billion post-money. The merger allows Latch to leverage Tishman Speyer's real estate platform to enhance product and market expansion. Latch has secured $510 million in cash for growth initiatives, with a 2020 booked revenue of $167 million, marking a 49% increase. The transaction, unanimously approved by TSIA's board, is set to close in the second quarter of 2021.
