Latch Closes Acquisition Of Honest Day's Work, Ring Founder Jamie Siminoff's Latest Company
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Latch, Inc. (NASDAQ:LTCH) has completed its acquisition of Honest Day's Work, a company dedicated to enabling residential service providers to operate more efficiently through technology. The deal was made in exchange for approximately 29 million shares and a $22 million aggregate principal amount. Latch also acquired all of HDW's assets, including its intellectual property and $8 million in cash. About 30 HDW team members joined Latch, and Jamie Siminoff, Ring founder and HDW's head, is expected to become Latch's CEO later this year.

July 03, 2023 | 4:58 pm
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Latch's acquisition of Honest Day's Work could potentially enhance its technological capabilities and expand its team. The expected appointment of Jamie Siminoff as CEO could also bring new leadership and direction to the company.
The acquisition of Honest Day's Work brings new assets and team members to Latch, potentially enhancing its capabilities. The expected appointment of Jamie Siminoff, a successful entrepreneur, as CEO could bring new leadership and direction to the company, which could positively impact its stock price.
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