TS Innovation Acquisitions Corp. (NASDAQ:TSIA) announced in a press release this afternoon that its shareholders approved its combination with Latch at a special meeting earlier today.
Approximately 69% of shares participated in the meeting and 98% of these approved the business combination with Latch. The parties expect the transaction to close tomorrow June 4 with shares and warrants of the combined entity set to begin trading on the Nasdaq on June 7 under the symbols “LTCH” and “LTCHW”, respectively.
The release did not divulge redemption figures, but they were unlikely to have been high given that TS Innovation opened the day of its June 1 at $10.60, well above its pro rata trust value of $10.00.
TS Innovation and Latch initially announced their $1.05 billion deal on January 25. Latch provides software-as-a-service (SaaS) products for tenants and guests at hotels and buildings controlling connectivity, comfort and access.
ADVISORS
- Goldman Sachs is acting as exclusive financial advisor to Latch and acted as joint placement agent on the PIPE.
- Latham & Watkins LLP is acting as legal advisor to Latch. Allen & Company LLC and BofA Securities are acting as joint financial advisors to TSIA and also acted as joint lead placement agents on the PIPE.
- Sullivan & Cromwell is acting as legal advisor to TSIA
At the SPAC of Dawn The last day of the quarter is to play host to a pair of shareholder votes and a possible pricing of Indigo‘s (NASDAQ:INACU) $100 million IPO. This week is also to play host to fresh jobs numbers just before the long July 4 weekend. Black Hawk (NASDAQ:BKHA) was also one...
Terms Tracker for the Week Ending June 27, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. June continued its late-month rally with another five SPAC IPOs pricing this week, bringing the monthly total to 10 and the 2025 year-to-date count to...
Blueport (NASDAQ:BPACU) has filed for a $69 million SPAC that would bring another first-time sponsor team to market. The new SPAC is offering investors a right to a 1/6 share in each unit and it will have 15 months to complete a business combination. It is underwritten by Alliance Global Partners and will not be...
At the SPAC of Dawn The markets appear to poised to continue a rosy week with futures in the green in anticipation of PCE inflation readings. Space is one of the sectors feeling the most love recently and launch services firm Rocket Lab (NASDAQ:RKLB) is keeping up the momentum, scheduling two launches within 48 hours...
FIGX Acquisition Corp. (NASDAQ:FIGXU) announced the pricing of its $131 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “FIGXU”, Friday, June 27, 2025. The new SPAC aims to seek out a financial services target with a particular focus on wealth and asset managers with the potential to...