|Bid||10.79 x 800|
|Ask||11.00 x 1200|
|Day's Range||10.65 - 11.24|
|52 Week Range||9.86 - 19.70|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
TS Innovation Acquisitions Corp. (NASDAQ: TSIA), a special purpose acquisition company sponsored by an affiliate of leading global real estate developer, owner and investor Tishman Speyer, announced today that its stockholders have approved its business combination with Latch, Inc. (Latch), maker of the full-building enterprise software-as-a-service (SaaS) platform LatchOS.
Still largely untouched by the cloud software movement, the real estate industry is ripe for disruption. That means software outfit Latch -- soon to go public through a merger with SPAC TS Innovation Acquisitions (NASDAQ: TSIA) -- has massive growth potential as it helps upgrade apartment and commercial properties for the 21st century.
There are a lot of brand-new SPACs to sort through after the SPAC boom we just saw over the past six months. 2020 saw 248 SPACs, nearly a fivefold increase over 2019. Meanwhile, 2021 has already exceeded the 2020 SPAC count, and we're only four months in!