Latch prepays $23.9M promissory notes after delisting default; cash post-repayment $124.4M

Latch, Inc.

Repaid $23.9M aggregate principal and accrued interest on $22M Promissory Notes (10% PIK) issued in HDW acquisition.
Prepayment on April 26, 2024 without penalty, after failing to agree on amendments to extend default date of May 3, 2024.
Company had received $8M cash from the HDW acquisition; note repayment reduces cash position but avoids default.
As of March 31, 2024, unaudited cash & securities totaled $148.3M; pro forma after repayment would be $124.4M.
Financial statements are under restatement; these figures are incomplete and subject to revision.

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.