Welcome to our dedicated page for Latch news (Ticker: LTCH), a resource for investors and traders seeking the latest updates and insights on Latch stock.
Latch Inc (LTCH) pioneers smart access solutions that redefine building security through integrated hardware and cloud-based software. This page aggregates official announcements, financial disclosures, and strategic updates directly from the company, providing investors and industry observers with a centralized resource for tracking LTCH's market position.
Users gain immediate visibility into earnings reports, product launch details, and partnership announcements that shape Latch's role in the smart building ecosystem. Each update is curated to highlight operational milestones without speculative commentary, ensuring relevance for both technical experts and general stakeholders.
The archive includes verified information on system deployments, technology patents, and executive leadership decisions. By maintaining strict adherence to factual reporting, this collection serves as a reliable reference for understanding LTCH's approach to IoT security challenges and market expansion strategies.
Bookmark this page for streamlined access to Latch Inc's evolving narrative in the access technology sector. Regular visits ensure timely awareness of developments impacting the company's growth trajectory and industry partnerships.
Latch, Inc. (NASDAQ: LTCH) announced on April 5, 2023, that it received approval from a Nasdaq Hearings Panel to continue its listing on the Nasdaq Global Select Market, contingent upon compliance with Listing Rule 5250(c)(1) by August 4, 2023. The company has faced delisting notifications due to failures in filing its Quarterly Reports on Form 10-Q and its Annual Report on Form 10-K, which stem from the ongoing restatement of its financial statements for previous years. Notably, Latch must submit the Annual Report, the delinquent quarterly reports, and the First Quarter 2023 Report to ensure compliance. Failure to meet the deadline may result in delisting from Nasdaq, although the recent notice does not immediately affect trading of its shares. The company highlights risks regarding future reporting and compliance.
On March 13, 2023, Latch (NASDAQ: LTCH) announced its awareness of the FDIC taking control of Silicon Valley Bank (SVB) due to liquidity issues. Latch holds approximately $3.1 million in deposits with SVB, representing less than 2% of its total cash and equivalents of about $215.4 million. The company does not have deposits with Signature Bank, also under FDIC control. Following SVB's closure, Latch plans to transfer its deposits to a reputable bank and does not anticipate material losses from its assets held by U.S. Bank. However, there may be delays in transitioning investment management services previously managed by SVB Asset Management.
Latch, Inc. (Nasdaq: LTCH) announced that the Nasdaq Hearings Panel has granted its request for an extension of the automatic stay of suspension. This decision follows a notification from Nasdaq regarding potential delisting due to the company's failure to file Quarterly Reports on Form 10-Q for the periods ended June 30, 2022, and September 30, 2022. The hearing before the Panel is scheduled for March 23, 2023, where a final determination on the company's listing status will be made.
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