Welcome to our dedicated page for Latch news (Ticker: TSIAU), a resource for investors and traders seeking the latest updates and insights on Latch 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 Latch'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 Latch's position in the market.
Latch, Inc. announced strong performance for Q1 2021, with preliminary bookings projected to rise by 86-88% and net revenue expected to increase by 135-140% year-over-year. This growth is attributed to increased market demand and new product offerings, including the Latch C2 smart access device, which has already booked 20,000 units. The company is also deepening its partnerships, such as with AvalonBay, and has expanded its leadership team with key appointments. Latch aims to complete its merger with TS Innovation Acquisitions Corp. (TSIAU) in Q2 2021.
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.
