---
schema_version: "secwatch.filing_event.v1"
accession: "0001826000-24-000025"
form_type: "8-K"
ticker: "LTCH"
cik: "0001826000"
company_name: "Latch, Inc."
filed_at: "2024-06-24T23:59:59+00:00"
generated_at: "2026-06-01T02:33:07.905886+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Latch to acquire HelloTech to form DOOR Services; assumes $6.9M debt with $0.9M forgiveness

## Summary
- Acquisition of HelloTech for assumption of ~$6.9M debt plus up to $250k expenses; no equity consideration to HelloTech holders.
- Bank agreed to forgive $0.9M of HelloTech debt if no debt assumption by July 15; Latch negotiating $6M term loan with 1M-share warrant at $1.25.
- HelloTech serviced 100k+ residences in last 12 months; combined with Honest Day's Work to launch DOOR Services.
- Micah Stone promoted to President of DOOR Services, overseeing property management, JAMES app, and future services.
- Closing expected Q3 2024; merger can be terminated if not closed by July 15, 2024.

## SEC filing metadata
- accession: 0001826000-24-000025
- form_type: 8-K
- ticker: LTCH
- cik: 0001826000
- company_name: Latch, Inc.
- filed_at: 2024-06-24T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826000/000182600024000025/0001826000-24-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826000/000182600024000025/lat-20240621.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001826000-24-000025
- JSON: https://secwatch.observer/filing/0001826000-24-000025.json
- Plain text: https://secwatch.observer/filing/0001826000-24-000025.txt

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