TS Innovation Acquisitions (TSIA) Falls 35% From January’s Peak: What’s Going On?

Some stocks which had performed impressively at the start of the year have been correcting quite sharply in recent days and one such stock is that of TS Innovation Acquisitions (NASDAQ: TSIA).

TS Innovation is a SPAC or a special purpose acquisition company and is primarily involved with the real estate sector. The company’s stock had soared in January after it emerged that it was going to merge with Latch in order to bring it public. However, the TS Acquisition stock has since corrected sharply and fell by as low as 35% from its highs in January. That being said, it could still be a good idea to take a look at the company’s deal with Latch.

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Latch provides locking systems for buildings and has SAAS products on offer as well. By way of the transaction, Latch is going to be injected with fresh capital to the tune of $500 million and the new entity is going to command a valuation of $1.56 billion.

Uson Abdilazhanov

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.