Latch, Inc. (LTCH): Nasdaq/NYSE listing notice — Latch receives Nasdaq bid-price delisting notice; also flags missed 10-Q deadlines

Latch, Inc.

Received Nasdaq notice on Jan 11, 2023 for common stock closing bid below $1.00 for 30 consecutive days.
Has 180-day compliance period until July 10, 2023; needs $1.00 closing bid for 10 consecutive days.
Also disclosed it does not anticipate filing Q2 and Q3 2022 10-Qs by the Feb 6, 2023 Nasdaq deadline.
May transfer to Nasdaq Capital Market for an additional 180-day cure period if eligible.
Notice has no immediate effect on trading of LTCH common stock or LTCHW warrants.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Latch, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5450(a)(1)

Exact text from the filing

January 11, 2023, Latch, Inc. (the “Company”) received a written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, based on the closing bid price for the Company’s common stock, par value $0.0001 per share (the “Common Stock”), for the last 30 consecutive trading days prior to the date of the Notice, the Company no longer complies with the minimum closing bid price requirement for continued listing on the Nasdaq Global Select Market pursuant to Nasdaq Listing Rule 5450(a)(1) (the “Minimum Bid Price Requirement

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Latch, Inc. filing history →

Source: SEC EDGAR

accession 0001826000-23-000007

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