Latch, Maker of Full-Building Enterprise SaaS Platform LatchOS, to Merge with Tishman Speyer-Sponsored SPAC and Become Publicly Listed Company

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Jan 25, 2021
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-- Transaction with Tishman Speyer-Sponsored TS Innovation Acquisitions Corp. follows Long-Term, Collaborative Operating Partnership Between Latch and Tishman Speyer

-- Provides Capital to Accelerate Latch's Expansion and Drive Enhanced Growth; More Than One-in-Ten New Apartments in the U.S. Built with LatchOS in 2019

-- Latch to Have up to $510 Million in Cash, Including $190 Million in PIPE Investments Anchored by Funds and Accounts Managed by BlackRock, D1 Capital Partners, Durable Capital Partners LP, Fidelity Management & Research Company LLC, Chamath Palihapitiya, The Spruce House Partnership, Wellington Management, ArrowMark Partners, Avenir and Lux Capital

-- Transaction Values Latch at Equity Value of $1.56 Billion Post-Money

-- Investor Call on Monday, January 25 at 8:00 AM EST

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