secwatch.observer — SEC 8-K summary
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Issuer:     Latch, Inc. (LTCH)
CIK:        0001826000
Form:       8-K/A
Filed at:   2023-09-18T23:59:59+00:00
Accession:  0001826000-23-000095
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Latch closes HDW acquisition; HDW's FY22: $0 revenue, $1.4M net loss, $21.8M preferred raised
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- Acquisition closed July 3, 2023; this amendment adds audited FY22 and unaudited Q1 2023 financials.
- HDW had zero revenue and net loss of $1.388M in 2022, with R&D expense $786,850 and G&A $601,176.
- HDW raised $21.8M in Series A preferred stock (net) and held $20.6M cash at Dec 31, 2022; liabilities $155,565.
- Latch's ongoing restatement of its own FY22 financials delays filing of pro forma combined information.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826000/000182600023000095/0001826000-23-000095-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826000/000182600023000095/lat-20230703.htm
  HTML page:      https://secwatch.observer/filing/0001826000-23-000095

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