DOOR (OTC: LTCH) Moves to OTCID Basic Market

Rhea-AI Summary

DOOR (OTC: LTCH) announced that its common stock has moved from the Pink Limited Market to the OTCID Basic Market effective March 3, 2026.

The company said the move reflects its current SEC reporting status and is intended to improve visibility, accessibility, and liquidity while DOOR evaluates other listing options.

News Market Reaction – LTCH

-3.96%

1 alert

-3.96% News Effect

On the day this news was published, LTCH declined 3.96%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Transition reflects current SEC reporting status

ST. LOUIS, March 3, 2026 /PRNewswire/ -- Latch, Inc., which has rebranded as DOOR ("DOOR" or the "Company"), today announced that the Company's stock, which continues trading under the symbol, "LTCH," has transitioned from the Pink Limited Market to the OTCID Basic Market. 

The move from Pink Limited to OTCID is expected to provide additional visibility, accessibility, and liquidity in the Company's stock.

DOOR plans to monitor the trading of its stock on the OTCID Basic Market while it continues to evaluate its options for the trading or listing of its securities, including on the OTCQB or OTCQX Market or a national securities exchange.

About DOOR

DOOR is a Building Intelligence company redefining how buildings operate. By combining premium hardware, intuitive software, and automated services into one streamlined system, DOOR helps properties think ahead, reduce overhead, and quietly improve life inside. Headquartered in St. Louis, DOOR supports owners, operators, and residents across residential portfolios and purpose-built communities.

DOOR continues to operate under the legal name Latch, Inc., and its common stock continues to trade under the stock symbol, "LTCH." The company anticipates updating its corporate name and stock symbol at a later date.

The new brand and platform experience are live today at DOOR.com.

FORWARD-LOOKING STATEMENTS

This release contains certain forward-looking statements within the meaning of the federal securities laws. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "would," "will continue," "will likely result," and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Forward-looking information includes, but is not limited to, statements regarding: the impact of the move to the OTCID Basic Market, the Company's business plans and the Company's application for its securities to trade on any particular market or national securities exchange. Many factors could cause actual future events to differ materially from the forward-looking statements in this release, including: the Company's ability to implement its business plans and achieve revenue forecasts; unexpected delays, difficulties, or expenditures; and other factors outside of the Company's control. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" sections of the Annual Report on Form 10-K for the year ended December 31, 2024, the Quarterly Report on Form 10-Q for the three months ended September 30, 2025, and other documents filed by the Company from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law, including the securities laws of the United States and the rules and regulations of the SEC. The Company does not give any assurance that it will achieve its expectations.

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SOURCE DOOR

FAQ

Why did DOOR (LTCH) move to the OTCID Basic Market on March 3, 2026?

The move was to reflect DOOR's current SEC reporting status and improve market access. According to the company, the transfer from Pink Limited to OTCID aims to provide additional visibility, accessibility, and potential liquidity for LTCH shares while other listing options are evaluated.

How could the transition to OTCID Basic Market affect LTCH liquidity and visibility?

Transitioning to OTCID Basic Market may increase visibility and accessibility for investors in the near term. According to the company, the Basic Market is expected to offer broader marketplace visibility compared with Pink Limited, which could support improved trading interest for LTCH over time.

Will DOOR (LTCH) pursue a listing on OTCQB, OTCQX, or a national exchange after moving to OTCID?

DOOR is evaluating additional trading or listing options, including OTCQB, OTCQX, or a national exchange. According to the company, it will monitor trading on OTCID Basic Market while assessing the timing and suitability of any future uplisting or market change for LTCH shares.

Does the move to OTCID Basic Market change DOOR's SEC reporting obligations for LTCH?

The move reflects DOOR's existing SEC reporting status rather than changing obligations. According to the company, the transfer to OTCID aligns the trading platform with its current reporting standing while the company considers future market options for LTCH.

How should shareholders of LTCH monitor trading after the March 3, 2026 OTCID transition?

Shareholders should monitor market quotes and company updates for changes in trading activity or listing plans. According to the company, it will observe LTCH trading on the OTCID Basic Market and provide disclosures if it pursues OTCQB, OTCQX, or a national exchange listing.