TS Innovation Acquisitions Corp., a publicly traded special purpose acquisition company formed by long-time S&C client Tishman Speyer Properties, completed its merger with Latch Inc., a provider of building maintenance software platforms, on June 4. The transaction included the closing of a private investment in public equity (“PIPE”) of $190 million in TSIA Class A Common Stock. TSIA changed its name to Latch and began trading on NASDAQ on June 7.
Tishman Speyer is a leading owner, developer, operator and investment manager of first-class real estate in 28 key markets across the United States, Europe, Asia and Latin America.
The S&C team that represented TSIA on the merger and the PIPE includes Scott Miller, Mimi Wu and David Rosenthal. Mario Schollmeyer advised on securities matters. Isaac Wheeler and Lauren Citrome advised on U.S. tax matters. Marc Treviño and Bella Schapiro advised on executive compensation and employment matters. Mehdi Ansari and Rachel Yu advised on intellectual property matters.