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LTCH.US
id: 228, Created by Stan Vick, Scout
Latch Inc
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S.D. New York
CourtOn August 12, 2022, Latch, Inc. announced that it received a letter from the Listing Qualifications Department of Nasdaq notifying the Company that it did not comply with Nasdaq’s Listing Rules because the Company had not filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2022, by the required due date.
The Company previously disclosed its inability to timely file Form 10-Q on August 10, 2022.
On this news, the price of Latch stocks declined more than 18% on August 15, 2022.
This situation raises suspicions about the integrity of the disclosure and maintenance of financial statements.
Alleged Offence
Mismanagement,
Misleading Statements,
Financial Misrepresentation,
Failure to Disclose,
Negligence,
Omissions
Suspected Party
Directors,
Management,
Service Provider
Security Type
Stocks
Trade Direction
Long
Shock Event Date
12 August 2022