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LTCH Latch

TS Innovation Acquisitions Corp., a Delaware corporation, is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Tishman Speyer Properties, L.P. (“Tishman Speyer”), a leading owner, developer, operator and investment manager of first-class real estate in 28 key markets across the United States, Europe, Asia and Latin America, has sponsored TS Innovation Acquisitions Corp. through its affiliate TS Innovation Acquisitions Sponsor, L.L.C.

Company profile

Ticker
LTCH, LTCHW
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
TS Innovation Acquisitions Corp.
SEC CIK
IRS number
853087759

LTCH stock data

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Calendar

13 Aug 21
17 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Latch earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Cash on hand (at last report) 472M 472M 472M
Cash burn (monthly) (positive/no burn) 13.35M (positive/no burn)
Cash used (since last report) n/a 47.92M n/a
Cash remaining n/a 424.08M n/a
Runway (months of cash) n/a 31.8 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Oct 21 Michael Brian Jones Common Stock Payment of exercise Dispose F No No 11.21 9,286 104.1K 343,957
1 Oct 21 Garth Mitchell Common Stock Option exercise Acquire M No No 0.68 72,959 49.61K 509,655
1 Oct 21 Garth Mitchell Common Stock Payment of exercise Dispose F No No 11.21 13,455 150.83K 436,696
1 Oct 21 Garth Mitchell Stock Option Common Stock Option exercise Dispose M No No 0.68 72,959 49.61K 206,709
1 Oct 21 Ali Hussain Common Stock Payment of exercise Dispose F No No 11.21 9,475 106.21K 665,350
28 Sep 21 Lux Ventures IV Common Stock Other Dispose J Yes No 0 1,358,164 0 4,084,493
28 Sep 21 Lux Ventures IV Common Stock Other Dispose J Yes No 0 2,409,489 0 7,228,469
13 Sep 21 Ali Hussain Common Stock Grant Acquire A No No 0 268,916 0 674,825

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

10.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 3 33 -90.9%
Opened positions 1 11 -90.9%
Closed positions 31 49 -36.7%
Increased positions 0 2 EXIT
Reduced positions 0 15 EXIT
13F shares
Current Prev Q Change
Total value 74.69M 127.22M -41.3%
Total shares 15.15M 17.28M -12.3%
Total puts 0 0
Total calls 0 854.58K EXIT
Total put/call ratio
Largest owners
Shares Value Change
Innovation Acquisitions Sponsor, L.L.C. TS 7.38M $74.69M 0.0%
Spruce House Investment Management 5.27M $0 NEW
Integrated Core Strategies 2.51M $0 0.0%
Largest transactions
Shares Bought/sold Change
Spruce House Investment Management 5.27M +5.27M NEW
MS Morgan Stanley 0 -3.05M EXIT
Athanor Capital 0 -500K EXIT
Davidson Kempner Capital Management 0 -482.17K EXIT
P Schoenfeld Asset Management 0 -399.85K EXIT
Moore Capital Management 0 -308.33K EXIT
LMR Partners 0 -285K EXIT
Taconic Capital Advisors 0 -250K EXIT
Guardian Point Capital 0 -250K EXIT
Citadel Advisors 0 -233.48K EXIT

Financial report summary

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Management Discussion
  • As of December 31, 2020, we had not commenced any operations. All activity for the period from September 18, 2020 (inception) through December 31, 2020, relates to our formation and IPO, and, since the completion of the IPO, searching for a target to consummate a Business Combination. We will not generate any operating revenues until after the completion of a Business Combination, at the earliest. We will generate non-operating income in the form of interest income from the proceeds derived from the Public Offering and placed in the Trust Account (defined below).
  • For the period from September 18, 2020 (Inception) through December 31, 2020, we had a net loss of $897,775. We incurred $900,030 of formation and operating costs (not charged against stockholders’ equity), consisting mostly of general and administrative expenses and interest income of $2,255.
  • As of December 31, 2020, we had cash outside our trust account of $1,171,569, available for working capital needs. All remaining cash was held in the trust account and is generally unavailable for our use, prior to an initial business combination.
Content analysis
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Legalese
Litigous
Readability
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Proxies

No filings