Latch announces receipt of extended Nasdaq stay
March 01 2023 - 4:00PM
Latch, Inc. (Nasdaq: LTCH) (the “Company”), maker of LatchOS, the
full-building enterprise software-as-a-service (SaaS) platform,
today announced that on February 28, 2023, the Company was notified
by the Nasdaq Hearings Panel (the “Panel”) that the Panel has
granted the Company’s request to extend the automatic stay of
suspension from The Nasdaq Stock Market LLC (“Nasdaq”) pending the
Company’s hearing before the Panel scheduled for March 23, 2023,
and a final determination regarding the Company’s listing status.
As disclosed on February
13, 2023, the Company intended to appeal a determination by the
Nasdaq Listing Qualifications Department to delist the Company’s
securities due to the Company’s failure to timely file its
Quarterly Reports on Form 10-Q for the quarterly periods ended June
30, 2022, and September 30, 2022, with the Securities and Exchange
Commission. On February 14, 2023, the Company timely requested a
hearing before the Panel and requested that the automatic stay of
suspension be extended through the completion of the hearings
process and the expiration of any additional extension period
granted by the Panel following the hearing.
About Latch, Inc.
Latch makes spaces better places to live, work, and visit
through a system of software, devices, and services. For more
information, please visit https://www.latch.com.
CONTACTS:
Investors:investors@latch.com
Media:press@latch.com
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