Latch files Delaware Chancery petition to validate 1B-share increase after Boxed ruling

Latch, Inc.

Filed §205 petition to validate Second Amended Certificate (raising authorized shares from 275M to 1B) and all shares issued.
Uncertainty arose from Garfield v. Boxed decision suggesting separate Class A vote may have been required for the increase.
Company says a majority of Class A shares (60.2%) voted in favor, but separate class vote was not formally solicited.
Expedited hearing set for March 29, 2023; failure could impair equity financing, stock compensation, and Nasdaq listing.
As of Feb 28, 2023, 145.3M shares outstanding, below original 275M cap, but validation still sought for capital-structure certainty.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.