---
schema_version: "secwatch.filing_event.v1"
accession: "0001826000-23-000031"
form_type: "8-K"
ticker: "LTCH"
cik: "0001826000"
company_name: "Latch, Inc."
filed_at: "2023-03-13T23:59:59+00:00"
generated_at: "2026-06-18T04:48:01.436512+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Latch reports ~$3.1M SVB deposits (<2% of cash); total cash $215.4M; no material loss expected

## Summary
- Deposits with SVB of ~$3.1M as of March 8, 2023, representing less than 2% of total cash and securities.
- Total cash, equivalents, and available-for-sale securities ~$215.4M; $61.4M in U.S. Bank custodian account managed by SVB Asset Management.
- Company has initiated replacement of SVB Asset Management as investment manager and does not expect a material loss.
- FDIC guarantees full access to SVB deposits starting March 13; Latch intends to transfer funds to a money center bank.
- No deposits with Signature Bank.

## SEC filing metadata
- accession: 0001826000-23-000031
- form_type: 8-K
- ticker: LTCH
- cik: 0001826000
- company_name: Latch, Inc.
- filed_at: 2023-03-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826000/000182600023000031/0001826000-23-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826000/000182600023000031/lat-20230313.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001826000-23-000031
- JSON: https://secwatch.observer/filing/0001826000-23-000031.json
- Plain text: https://secwatch.observer/filing/0001826000-23-000031.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.