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SPAC Stockholders Approve Business Combination with Latch

The stockholders of TS Innovation Acquisitions Corp, a special purpose acquisition company sponsored by a Tishman Speyer affiliate, have approved the business combination with SaaS firm Latch, Inc. The combined company is expected to begin trading on Nasdaq on June 7. 

Latch expects to receive $453 million in cash in conjunction with the closing of the business combination, which will be used to fund growth initiatives, including increasing the number of units on its platform, spreading to new geographies and expanding to additional asset classes. 

“Our vision, from day one, has been to leverage Tishman Speyer’s global real estate platform and investment expertise in support of an innovative technology company poised for exponential growth,” said TSIA CEO Rob Speyer, who also serves as Tishman Speyer’s president and CEO. “We are grateful to our stockholders for sharing our confidence in Latch’s exceptional leadership team and differentiated business model.”


Inside The Story

Tishman SpeyerLatch

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).