---
schema_version: "secwatch.filing_event.v1"
accession: "0001826000-24-000015"
form_type: "8-K"
ticker: "LTCH"
cik: "0001826000"
company_name: "Latch, Inc."
filed_at: "2024-04-26T23:59:59+00:00"
generated_at: "2026-06-03T06:39:59.171630+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001826000-24-000015
- form_type: 8-K
- ticker: LTCH
- cik: 0001826000
- company_name: Latch, Inc.
- filed_at: 2024-04-26T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.02, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826000/000182600024000015/0001826000-24-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826000/000182600024000015/lat-20240426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001826000-24-000015
- JSON: https://secwatch.observer/filing/0001826000-24-000015.json
- Plain text: https://secwatch.observer/filing/0001826000-24-000015.txt

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