Latch receives anticipated notice of additional Nasdaq non-compliance
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.
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