secwatch.observer — SEC 8-K summary
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Issuer:     Latch, Inc. (LTCH)
CIK:        0001826000
Form:       8-K/A
Filed at:   2025-03-26T23:59:59+00:00
Accession:  0001826000-25-000036
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826000/000182600025000036/0001826000-25-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826000/000182600025000036/lat-20230703.htm
  HTML page:      https://secwatch.observer/filing/0001826000-25-000036

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer