---
schema_version: "secwatch.filing_event.v1"
accession: "0001826000-23-000067"
form_type: "8-K"
ticker: "LTCH"
cik: "0001826000"
company_name: "Latch, Inc."
filed_at: "2023-07-03T23:59:59+00:00"
generated_at: "2026-06-13T13:24:55.766857+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Latch completes Honest Day’s Work acquisition; Jamie Siminoff to become CEO later this year

## Summary
- Consideration: ~29M shares of Latch common stock and $22M in unsecured promissory notes.
- Shares subject to transfer restrictions until July 3, 2028, with performance-based releases at VWAP thresholds of $2-$5.
- HDW contributed $8M in cash and approximately 30 team members to Latch.
- Jamie Siminoff, Ring founder, expected to assume role of Latch CEO later in 2023.
- Registration rights granted to HDW stockholders; company must file shelf registration by late August 2023.

## SEC filing metadata
- accession: 0001826000-23-000067
- form_type: 8-K
- ticker: LTCH
- cik: 0001826000
- company_name: Latch, Inc.
- filed_at: 2023-07-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826000/000182600023000067/0001826000-23-000067-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826000/000182600023000067/lat-20230703.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001826000-23-000067
- JSON: https://secwatch.observer/filing/0001826000-23-000067.json
- Plain text: https://secwatch.observer/filing/0001826000-23-000067.txt

## Key facts
- M&A Transactions
  Latch, Inc. completed an acquisition involving Honest Day's Work, Inc. for $22.0 million aggregate principal amount of unsecured promissory notes and approximately 29.0 million shares of the Company’s common stock (closed 2023-07-03).
  - Action: acquisition
  - Counterparty: Honest Day's Work, Inc.
  - Consideration: $22.0 million aggregate principal amount of unsecured promissory notes and approximately 29.0 million shares of the Company’s common stock
  - Closing: 2023-07-03
  source text: and the other transactions contemplated by the Merger Agreement. At the effective time of the First Merger, the Company issued 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”). Certain
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826000/000182600023000067/0001826000-23-000067-index.htm
- Material Agreements
  Latch, Inc. entered into Registration Rights Agreement with certain of HDW’s stockholders (the “Holders”) (effective 2023-06-30).
  - Action: entry
  - Agreement: merger
  - Counterparty: certain of HDW’s stockholders (the “Holders”)
  - Effective: 2023-06-30
  source text: On the Closing Date, in connection with the consummation of the Mergers and as contemplated by the Merger Agreement, the Company and certain of HDW’s stockholders (the “Holders”) entered into that certain Registration Rights Agreement (the “Registration Rights Agreement”), pursuant to which the Company agreed to file a shelf registration statement registering the resale of the Registrable Securities (as defined in the Registration Rights Agreement) as promptly as reasonably practicable after the date on which the Company files its Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2023 (and no later than the 20th business day following the filing date of such Quarterly Report).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826000/000182600023000067/0001826000-23-000067-index.htm

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