{"schema_version":"secwatch.filing_event.v1","accession":"0001826000-23-000056","form_type":"8-K","ticker":"LTCH","cik":"0001826000","company_name":"Latch, Inc.","filed_at":"2023-05-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.918879+00:00","generated_at":"2026-06-14T23:58:18.494034+00:00","sec_items":["1.01","2.03","3.02","5.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Latch acquires Honest Day's Work; Jamie Siminoff to become CEO later in 2023","bullets":["Consideration: ~29.0M shares of common stock and $22.0M unsecured promissory notes.","Jamie Siminoff expected to serve as CSO initially, then CEO later in 2023.","Transaction expected to close early Q3 2023 subject to customary conditions.","Shares are non-transferable for up to 5 years with performance-based release at $2-$5 thresholds.","Promissory notes bear 10% PIK interest, mature in 2 years, prepayable; accrue on events of default."],"urls":{"canonical":"https://secwatch.observer/filing/0001826000-23-000056","json":"https://secwatch.observer/filing/0001826000-23-000056.json","markdown":"https://secwatch.observer/filing/0001826000-23-000056.md","text":"https://secwatch.observer/filing/0001826000-23-000056.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1826000/000182600023000056/0001826000-23-000056-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1826000/000182600023000056/lat-20230515.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T23:58:18.494034+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"aa0b39928cfc52955efbb625580ef2b417252d8e","claim":"Latch, Inc. incurred loan of $22.0 million aggregate principal amount at 10% per annum maturing two-year maturity.","evidence_excerpt":"the Company (together with the First Merger, the “Mergers”). At the effective time of the First Merger, the Company will issue to HDW’s stockholders as merger consideration (i) $22.0 million aggregate principal amount of unsecured promissory notes (the “Promissory Notes”) and (ii) approximately 29.0 million shares of the Company’s common stock (the “Shares”). In the","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1826000/000182600023000056/0001826000-23-000056-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$22.0 million aggregate principal amount"},{"label":"Rate","value":"10% per annum"},{"label":"Maturity","value":"two-year maturity"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}