Articles from Latch, Inc.

ST. LOUIS, Aug. 14, 2026 (GLOBE NEWSWIRE) -- Latch, Inc., (DOOR) today released the following pursuant to an Order of the U.S. District Court for the Southern District of New York.

Latch, Inc., soon to be DOOR, today announced the appointment of a new leadership team to spearhead its next phase of growth and execution. The appointments, which are effective immediately, include:

Latch, Inc. (“Latch” or the “Company”), soon to be DOOR, today announced that on December 19, 2024, the Company completed its previously announced restatement and filed its Annual Report on Form 10-K for the year ended December 31, 2022 (the “2022 Annual Report”) with the U.S. Securities and Exchange Commission (the “SEC”). The Company also concurrently filed its Quarterly Reports on Form 10-Q for the quarterly periods ended June 30, 2022 and September 30, 2022.

Latch, Inc., soon to be DOOR, today announced at ISC East 2024 the new DOOR Bug, a $39 AI-powered event and leak detector that monitors for running toilets, sink leaks, and other common household problems – alerting property managers about potential issues before they become expensive emergencies. In the U.S., the average cost of water damage restoration ranges from $1,300 to $5,600, making early detection with affordable IoT solutions a priority for property managers and building owners.

Latch, Inc., soon to be DOOR, today announced Jamie Siminoff, Chief Strategy Officer, will step down from his current role and transition to the advisory role of Doorman in 2025. Over the last year and a half, the team at DOOR has built upon the foundation of Latch’s existing access control solutions and entry systems with new products and services that deliver the connected residential living experience people expect in today’s world. With a continued focus on operational discipline and efficiency, the company will be executing its strategy from its headquarters in St. Louis.

Latch, Inc., soon to be DOOR, today announced refreshed designs for DOOR Link, the QR code-powered intercom that provides all of the interconnected benefits of Latch products without the need for a power source. The simple, easy-to-use QR code is installed at an entryway and can be scanned with a smartphone to open a virtual intercom. The product does not require a subscription and is an extremely cost effective way to upgrade a building.

Latch, Inc., soon to be DOOR, today announced its new R2 Retrofit Kit, engineered to quickly and simply replace outdated door access readers with the modern, mobile-enabled Latch R2. The new Retrofit Kit joins Latch’s suite of locks, intercoms, access control solutions, and building monitoring systems that enable Latch customers to deliver more value to their residents and generate additional Net Operating Income (NOI).

Latch, Inc., soon to be DOOR, today announced it has agreed to a deal with block.a, a platform that uses advanced technology to automate and enhance the entire resident touring experience, including scheduling and follow-up, to save time and improve prospect conversion rates. DOOR expects to integrate block.a’s technology into DOOR Services, along with the HelloTech platform, to bring full-service amenities to multifamily buildings, including self-guided touring and leasing.

Latch, Inc., soon to be Door.com, today announced its new M3 Retrofit Lock, which is designed to retrofit common mortise locks from Schlage, Sargent, Corbin, Marks, and Best. Mortise locks are a commonly used locking system in multi-family properties, which makes the M3 an efficient way for owners to seamlessly upgrade their resident experience and drive Net Operating Income (NOI). The new M3 joins Latch’s suite of locks, access control solutions, and building monitoring systems that help Latch customers deliver value to their residents and generate more NOI.

Latch, Inc., soon to be Door.com, today announced the launch of its property management division, Door Property Management, LLC (DPM), and the acquisition of the property management business of The Broadway Company (TBC). The acquisition enables DPM to collect insights from direct management on a small portfolio of units in the Boston area.

Latch, Inc., soon to be rebranded to Door.com, today unveiled a new marketing campaign: “Don’t Die, Get NOI.” As part of the campaign, Latch launched a suite of new, affordable smart sensors and IoT products for apartment buildings to enable facilities managers to monitor their buildings from the Latch Manager app. The sensor suite provides an affordable option for building owners and operators to monitor everything from burst pipes to doors left open, and also includes smart thermostats and light switches, as well as temperature, humidity, and motion sensors. All of the sensors work alongside the current suite of Latch locks and access control solutions to help Latch customers generate more NOI.

Latch, Inc., soon to be rebranded to Door.com, today celebrated its first shipment from its new 48,000+ square foot headquarters in St. Louis. Located at 1220 N. Price Road in the Olivette community, the leased facility features both warehouse and office space, bringing all inventory and select core business functions together under one roof. Since announcing the move in September, the company has been hard at work setting up its warehouse to become operational by the end of the year. Chief Doorman Jamie Siminoff joined the company’s growing team of 30 people in St. Louis this week to send out the first shipment from the new facility, marking an important milestone for the company and its St. Louis operations.

Latch, Inc., soon to be rebranded to Door.com, today announced its newest access control solution designed specifically for storage areas in multi-family buildings. The first pilot of the new solution is underway at AHM Group’s Draper Building in the company’s new home city of St. Louis. With the Latch C2 smart keyless deadbolt and the Latch app, residents and building operators alike will benefit from Latch’s smart access and flexible unlock methods in even more places throughout the building, delivering a seamless access control solution.

Latch, Inc., soon to be rebranded to Door.com, today announced it is moving its headquarters from New York City to St. Louis. Located at 1220 N. Price Road in the Olivette community, the leased facility features both warehouse and office space, bringing all inventory and select core business functions together under one roof. The company believes this streamlining of activities in St. Louis will enable better support to its customers and will continue to drive more operational discipline and efficiency. With 16 new team members already based in St. Louis, Latch plans to bring more than 30 total jobs to the city to support future growth and strengthen its team in the area.

Latch, Inc. today announced plans to rebrand to Door.com with an expanded vision of unlocking the potential of the Honest Day’s Worker. The company plans to maintain its focus on its core access control business under the Latch brand, while launching additional brands under the Door.com umbrella to create a platform that superpowers the proud service providers that make the world go round. The new Door.com brand is expected to officially launch in 2024.

Latch, Inc. (NASDAQ: LTCH) today announced it received an expected notice from the hearings panel (the “Panel”) of The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Panel has determined to suspend trading of the company’s securities on August 10, 2023 and commence delisting procedures because of the company’s failure to meet the August 4, 2023 deadline to regain compliance with its periodic filing obligations. Once the suspension takes effect, Latch expects that its securities will be traded on the OTC Expert Market.

Latch, Inc. (NASDAQ: LTCH) today announced it has notified the hearings panel of The Nasdaq Stock Market LLC (“Nasdaq”) that the company does not anticipate regaining compliance with its periodic filing obligations on or before its August 4, 2023 deadline due to unexpected delays in the ongoing restatement of its historical financial statements. As a result, Latch expects Nasdaq to issue a delisting determination, causing the company’s securities to be suspended from trading on Nasdaq. Once the suspension takes effect, Latch expects that its securities will be traded on the OTC Expert Market. The transition to the OTC markets will not change Latch’s commitment to enhancing operational discipline and efficiency within the organization.

Following the completion of the Honest Day’s Work (HDW) acquisition earlier this month, Latch, Inc. (NASDAQ: LTCH) today announced its commitment to enhancing operational discipline and efficiency within the organization. As part of this strategic initiative, the company expects to reduce its current U.S.- and Taiwan-based workforce approximately 59% by November 1, 2023.

Latch, Inc. (NASDAQ: LTCH) today announced that it has completed the previously announced acquisition of Honest Day’s Work (“HDW”), Ring founder Jamie Siminoff’s latest company dedicated to enabling residential service providers, such as housekeepers, dog walkers, and drivers, to operate more efficiently, profitably, and independently through technology.

NEW YORK, June 15, 2023 (GLOBE NEWSWIRE) -- Latch, Inc. (NASDAQ: LTCH) (the “Company”) today announced that on June 15, 2023, the Company received a written notice (the “Notice”) from the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market (“Nasdaq”) that the Company has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5450(a)(1) (the “Minimum Bid Price Requirement”) for continued listing on Nasdaq. In order to regain compliance with the Minimum Bid Price Requirement, the Company’s common stock was required to maintain a closing bid price of at least $1.00 per share for a minimum of ten consecutive trading days. The Minimum Bid Price Requirement was met on June 14, 2023. Accordingly, in the Notice, Nasdaq stated that the matter is now closed. There can be no assurance, however, that the Company will be able to maintain compliance with the Minimum Bid Price Requirement in the future.

Today at NAA Apartmentalize 2023, Latch, Inc. (NASDAQ: LTCH) announced Chris Peckham as its new Head of Sales. Peckham brings over a decade of experience in scaling go-to-market strategies for SaaS organizations to Latch. He previously served as Vice President of Sales at Flight Schedule Pro. In his new role with Latch, Peckham will focus on implementing new growth strategies.

Latch, Inc. (NASDAQ: LTCH), maker of LatchOS, the full-building enterprise software-as-a-service (SaaS) platform, today announced the completion of the first installation of Latch-powered Marks USA ArchiTech Series Networx Locks at Meridia Living’s Meridia Village Commons in South Orange, NJ. Residents of the new construction building of 106 units will benefit from Latch’s full-building smart access, flexible unlock methods, and concierge capabilities, delivering a seamless resident and property management experience.

Latch, Inc. (NASDAQ: LTCH), maker of LatchOS, the full-building enterprise software-as-a-service (SaaS) platform, today announced a new, simplified pricing structure to enable a variety of building owners to select the best option for partnering with Latch to meet the needs of their tenants and building operators.

NEW YORK, May 19, 2023 (GLOBE NEWSWIRE) -- Latch, Inc. (NASDAQ: LTCH) (the “Company”), maker of LatchOS, the full-building enterprise software-as-a-service (SaaS) platform, today announced that on May 16, 2023, the Company received a notice (the “Additional Notice”) from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) that the Nasdaq Hearings Panel (the “Panel”) will consider the Company’s failure to timely file its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2023 (the “First Quarter 2023 Report”) with the Securities and Exchange Commission (the “SEC”), as required by Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”), in rendering a determination regarding the Company’s continued listing on Nasdaq.

Latch, Inc. (NASDAQ: LTCH), maker of LatchOS, the full-building enterprise software-as-a-service (SaaS) platform, today announced that it has entered into a definitive agreement to acquire Honest Day’s Work (HDW), Ring founder Jamie Siminoff’s latest company dedicated to enabling residential service providers, such as housekeepers, dog walkers, and drivers, to operate more efficiently, profitably, and independently through technology.

NEW YORK, April 11, 2023 (GLOBE NEWSWIRE) -- Latch, Inc. (NASDAQ: LTCH) (the “Company”), maker of LatchOS, the full-building enterprise software-as-a-service (SaaS) platform, today announced that on April 5, 2023, the Company received a decision from a Nasdaq Hearings Panel (the “Panel”) granting the Company’s request for continued listing on the Nasdaq Global Select Market, subject to the Company demonstrating compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”) on or before August 4, 2023, and certain other conditions.

Latch, Inc. today announced the expansion of its full-building enterprise software-as-a-service (SaaS) platform, LatchOS, into commercial offices, bringing Latch’s expertise in multifamily building management technology to the commercial office space for the first time. With the availability of LatchOS for offices, Latch is extending its smart access, visitor and delivery management, smart device and sensor control, connectivity, and identity and personalization solutions to meet the needs of modern office spaces, both today and in the future. As flexible working models become the norm, LatchOS will provide the backbone for future operations, enabling in-person, hybrid, and remote organizations to effectively collaborate, come together, and use their office spaces in a way that works better for both employees and building staff.

Latch, Inc. (“Latch”), maker of the full-building enterprise software-as-a-service (SaaS) platform LatchOS, today announced that the Securities and Exchange Commission (“SEC”) has declared effective the Registration Statement on Form S-4 filed with the SEC in connection with Latch’s business combination with TS Innovation Acquisitions Corp. (Nasdaq: TSIA) (“TSIA”), a publicly-traded special purpose acquisition company launched by leading real estate owner, developer, operator and investment manager Tishman Speyer Properties, L.P. (“Tishman Speyer”). Latch also announced that a requisite majority of its stockholders have agreed to approve the business combination with TSIA.

Latch, Inc. (“Latch” or the “Company”), maker of LatchOS, the full-building enterprise software-as-a-service (SaaS) platform, along with TS Innovation Acquisitions Corp. (NASDAQ: TSIAU) (“TSIA”), a publicly traded special purpose acquisition company sponsored by Tishman Speyer, today announced an update of recent activity.