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Preliminary bookings for Q1 2021 are expected to be up 86-88% year-over-year. Preliminary net revenue for Q1 2021 is expected to be up 135-140% year-over-year. Attach rates of non-access LatchOS software modules represented 75-80% of booked units in the quarter, significantly increasing LTV/CAC. 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. "The first quarter was a strong start to 2021, with a sharp accelerati
NEW YORK, Jan. 25, 2021 /PRNewswire/ -- Latch, Inc. ("Latch" or the "Company"), maker of the full-building enterprise software-as-a-service (SaaS) platform LatchOS, and TS Innovation Acquisitions Corp. (NASDAQ: TSIAU) ("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"), today announced that they have entered into a definitive merger agreement that will result in Latch becoming a publicly listed company. The transaction values the Company at an equity value of $1.56 billion post-money. Upon closing, Latch's common stock is expected to trade on NAS
NEW YORK, Dec. 28, 2020 /PRNewswire/ -- TS Innovation Acquisitions Corp. (Nasdaq: TSIAU) (the "Company") announced that holders of the units sold in the Company's initial public offering of 30,000,000 units, which closed on November 13, 2020, may elect to separately trade the shares of Class A common stock and warrants included in the units commencing on or about December 31, 2020. Any units not separated will continue to trade on The Nasdaq Capital Market under the symbol "TSIAU", and each of the shares of Class A common stock and warrants will separately trade on The Nasdaq Capital Market under the symbols "TSIA" and "TSIAW," respectively. No fractional warrants will be issued upon sepa