Latch, Inc. Files 8-K on Financials
Ticker: LTCHW · Form: 8-K · Filed: Dec 20, 2024 · CIK: 1826000
| Field | Detail |
|---|---|
| Company | Latch, INC. (LTCHW) |
| Form Type | 8-K |
| Filed Date | Dec 20, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-condition, results-of-operations, disclosure
Related Tickers: LTCH
TL;DR
Latch Inc. dropped an 8-K on financials - check it out.
AI Summary
Latch, Inc. filed an 8-K on December 20, 2024, reporting on its results of operations and financial condition as of December 19, 2024. The filing also includes Regulation FD disclosures and financial statements. Latch, Inc. was formerly known as TS Innovation Acquisitions Corp. and was incorporated in Delaware.
Why It Matters
This filing provides crucial updates on Latch, Inc.'s financial performance and operational status, which is important for investors to assess the company's health and future prospects.
Risk Assessment
Risk Level: medium — 8-K filings often contain material information that can significantly impact a company's stock price, requiring careful investor attention.
Key Players & Entities
- Latch, Inc. (company) — Registrant
- TS Innovation Acquisitions Corp. (company) — Former company name
- Delaware (jurisdiction) — State of incorporation
- December 19, 2024 (date) — Date of earliest event reported
- December 20, 2024 (date) — Filing date
FAQ
What is the primary purpose of this 8-K filing by Latch, Inc.?
The primary purpose of this 8-K filing is to report on Latch, Inc.'s results of operations and financial condition, as well as to provide Regulation FD disclosures and financial statements.
When was the earliest event reported in this filing?
The earliest event reported in this filing was on December 19, 2024.
What was Latch, Inc.'s former company name?
Latch, Inc.'s former company name was TS Innovation Acquisitions Corp.
In which state was Latch, Inc. incorporated?
Latch, Inc. was incorporated in Delaware.
What is the filing date of this 8-K report?
This 8-K report was filed on December 20, 2024.
Filing Stats: 803 words · 3 min read · ~3 pages · Grade level 12.1 · Accepted 2024-12-20 07:33:52
Filing Documents
- lat-20241219.htm (8-K) — 26KB
- ltchrestatementpressrelease.htm (EX-99.1) — 56KB
- 0001826000-24-000076.txt ( ) — 200KB
- lat-20241219.xsd (EX-101.SCH) — 2KB
- lat-20241219_lab.xml (EX-101.LAB) — 19KB
- lat-20241219_pre.xml (EX-101.PRE) — 11KB
- lat-20241219_htm.xml (XML) — 2KB
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition. On December 19, 2024, in connection with the completion of its restatement of certain historical financial statements (the "Restatement"), Latch, Inc. (the "Company") filed with the Securities and Exchange Commission (the "SEC") its Quarterly Report on Form 10-Q for the three months ended June 30, 2022, its Quarterly Report on Form 10-Q for the three months ended September 30, 2022 and its Annual Report on Form 10-K for the year ended December 31, 2022 (together, the "Restatement Filings"). On December 20, 2024, the Company issued a press release (the "Press Release") announcing completion of the Restatement and summarizing select results presented in the Restatement Filings. A copy of the Press Release is furnished as Exhibit 99.1 to this Current Report on Form 8-K (this "Report"). The information set forth in Item 2.02 (including Exhibit 99.1) shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as expressly set forth by specific reference in such a filing. In the Restatement Filings and the Press Release, the Company has included the "non-GAAP financial measure," as defined in Item 10 of Regulation S-K of the Exchange Act, of net loss, excluding the impact of stock-based compensation expense, depreciation and amortization expense, interest income, interest expense, provision for income taxes, restructuring, non-ordinary course legal fees and settlement reserves, loss on extinguishment of debt, gain or loss on change in fair value of derivative instruments, warrant liabilities and trading securities and transaction-related expenses ("Adjusted EBITDA"). In the Restatement Filings and the Press Release, the Company ha
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure.
02 above is incorporated herein by reference
Item 2.02 above is incorporated herein by reference. The information set forth in Item 7.01 shall not be deemed "filed" for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act or the Exchange Act, except as expressly set forth by specific reference in such a filing.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. Exhibit Number Description 99.1 Press Release dated December 20, 2024 . 104 Cover Page Interactive Data File, formatted in Inline XBRL (included as Exhibit 101).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized. Latch, Inc. Date: December 20, 2024 By: /s/ Priyen Patel Name: Priyen Patel Title: Senior Vice President and General Counsel