secwatch.observer — SEC 8-K summary
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Issuer:     Latch, Inc. (LTCH)
CIK:        0001826000
Form:       8-K
Filed at:   2024-04-15T23:59:59+00:00
Accession:  0001826000-24-000012
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Latch amends promissory notes to extend delisting default trigger date to May 3, 2024
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- Amended $22M promissory notes (10% PIK, due July 2025) to extend delisting default reference date to May 3, 2024.
- Majority noteholders approved the amendment; Latch is in active negotiations for additional changes to the promissory notes.
- Notes were issued as partial consideration for the May 2023 acquisition of Honest Day's Work, Inc.
- Stock trades on OTC Expert Market (LTCH, LTCHW); Nasdaq delisting risk remains a condition for acceleration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826000/000182600024000012/0001826000-24-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826000/000182600024000012/lat-20240414.htm
  HTML page:      https://secwatch.observer/filing/0001826000-24-000012

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer