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NEW YORK, June 3, 2021 /PRNewswire/ -- 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.
At a special meeting of TSIA stockholders held today, approximately 98% of the votes cast, representing approximately 69% of TSIA's outstanding shares, approved the proposed business combination with Latch.
Following an anticipated closing on June 4, 2021, the combined company's common stock and warrants will be listed on the Nasdaq Global Select Market and will begin trading under the ticker symbols "LTCH" and "LTCHW", respectively, on June 7, 2021. Latch expects to receive $453 million in cash, net of fees and expenses to be funded in conjunction with the closing of the business combination, which includes $190 million from a previously-announced private placement.