Latch files pro forma combined statements; net loss $165.6M for FY2022, $35.1M for Q1 2023

Latch, Inc.

Acquisition of HDW for total consideration $37.65M including $22M promissory notes and 29M shares.
Pro forma net loss $165.6M for FY2022, $35.1M for three months ended Mar 31, 2023.
HDW contributed zero revenue; only operating expenses totaling $1.4M in 2022.
Promissory notes repaid in full on Apr 26, 2024 for $23.9M including accrued interest.
Latch repurchased 15.26M shares from Jamie Siminoff for $775; 3.8M remaining restricted.

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