Anyone who has followed the markets in recent weeks would know that SPACs (special purpose acquisition companies) have been in focus among investors. On Monday, the real estate SPAC TS Innovation Acquisitions Corp (NASDAQ: TSIA) was in focus and the stock ended up recording gains of 45% as investors piled on to it in a big way.
Yesterday, it emerged that the company is going to help Latch in going public by way of a merger. The merger in question is expected to be concluded in the second quarter of the year.
TS Innovation Acquisitions is backed by Tishman Speyer Properties and the latest news has naturally led to a lot of optimism about the stock.
Latch is involved in developing contactless lock systems for buildings and offers its products in the form of a SaaS (software as a service). The merger will result in Latch getting in excess of $500 million and will also give it a valuation of $1.56 billion.
Editor and Computer Expert
A hardcore tech enthusiast and computer expert Uson Abdilazhanov who holds a degree in communications started writing in his personal blogs since 2012. That time he was interested in the technical part of the computer. But now the software aspect plays an important role in his career. Currently, he runs a PC building and repairing shop which helps a lot of designers and gamers who always like to try new things.