---
schema_version: "secwatch.filing_event.v1"
accession: "0001826000-24-000033"
form_type: "8-K"
ticker: "LTCH"
cik: "0001826000"
company_name: "Latch, Inc."
filed_at: "2024-07-15T23:59:59+00:00"
generated_at: "2026-05-31T20:49:10.084307+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Latch refinances $6M term loan with Customers Bank, issues warrant for 1M shares at $1.25

## Summary
- Amended & restated loan agreement: $6M term loan, interest rate greater of prime or 6.0%, due July 15, 2029.
- Interest-only payments until Jan 15, 2025, then equal monthly principal plus interest; no prepayment penalty.
- Issued warrant to Customers Bank to purchase 1M shares at $1.25 per share, exercisable immediately, expires July 2030.
- As of June 30, 2024, unaudited cash & equivalents and securities ~$110M; company cautions due to ongoing restatement.
- Covenant requires Liquidity Ratio ≥ 4.0x, tested monthly; other covenants limit dividends, debt, asset sales.

## SEC filing metadata
- accession: 0001826000-24-000033
- form_type: 8-K
- ticker: LTCH
- cik: 0001826000
- company_name: Latch, Inc.
- filed_at: 2024-07-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826000/000182600024000033/0001826000-24-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826000/000182600024000033/lat-20240715.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001826000-24-000033
- JSON: https://secwatch.observer/filing/0001826000-24-000033.json
- Plain text: https://secwatch.observer/filing/0001826000-24-000033.txt

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