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Latch (NASDAQ:LTCH) Shares Down 39%

Latch (NASDAQ:LTCH) Shares Down 39%
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Latch Adds M3 Retrofit Lock to its Lineup of Smart Locks

Latch, Inc., soon to be Door.com, has announced its new M3 Retrofit Lock, which is designed to retrofit common mortise locks from Schlage, Sargent, Corbin, Marks, and Best. Mortise locks are a commonly used locking system in multi-family properties, which makes the M3 an efficient way for owners

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Latch M3 Retrofit Lock

The M3 installs into the door for added security and fits the pre-existing holes of locks from the five most common mortise lock brands.

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Latch s Strategic Acquisition and Financial Maneuvers

The latest announcement is out from Latch (LTCH). Latch, Inc. acquired Honest Day’s Work, Inc. on May 15, 2023, and issued $22 million in unsecured.

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Latch, Inc Now Spinning Up Its Own Property Management Division

Latch, Inc., Door.com announce Door Property Management, LLC. (DPM) acquisition of The Broadway Company's Boston property portfolio.

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