Delisted from Nasdaq (2023) after an accounting scandal; trades OTC as a penny stock; rebranded Door.com
Live · LTCH· OTC Markets OTCID
as of 2026-09-17
$0.175▼ 7.89% today
≈ $29 Million market cap · −98.1% from peak
The rise & fall
6 moments · 2014–2023
The key moments, with employee sentiment along the way.
2014
🌱
2014
Founded to reinvent the apartment lock
Smart locks and building software sold by the building, not the door — landlords, not homeowners, are the customer.
Wikipedia
Jan 2021
📈
Jan 2021
The peak: a $1.5B SPAC debut$1.5B
A Tishman Speyer-sponsored SPAC takes Latch public, with BlackRock, Fidelity and D1 putting ~$450M into the deal.
The Real Deal
2022
2022
The books come apart
Latch says its 2021 and early-2022 financials can't be relied on; results are restated, the SEC investigates, and the CFO is fired.
The Real Deal
2022
💔
2022
Slips out of the club
The stock craters roughly 98% from the debut as the restatement drags on.
Macrotrends
2022–24
💬
From the inside · Glassdoor reviews, 2022–24
Glassdoor reviews chronicled the unwinding from inside: employees described repeated layoff rounds that cut headcount by more than half, constant strategy resets, heavy leadership churn, and engineering work steadily moved abroad under new management.
2023
2023
Delisted, rebranded, penny-stocked
Kicked off the Nasdaq in 2023, it lives on as an OTC penny stock — later rebranded Door.com — at roughly 2% of its SPAC-day value.
The Real Deal
Today
Today
Still in the club — and still trading
Live · LTCH · OTC Markets OTCIDas of 2026-09-17
$0.175▼ 7.89% today≈ $29M cap · −98.1% from peak
💬 entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗; dated facts carry their source.
How it happened
Latch made internet-connected smart locks and building-management software for apartment buildings, and went public in January 2021 via a Tishman Speyer-sponsored SPAC at a $1.5B valuation. An accounting scandal then unraveled it: Latch said its 2021 and early-2022 financials could not be relied upon, restated results, drew an SEC investigation and fired its CFO. It was delisted from the Nasdaq in 2023 and rebranded as Door.com.
Source: The Real Deal / Crain's / SPACGraveyard / Macrotrends (Tishman Speyer-backed smart-lock proptech; Jan 2021 SPAC merger at ~$1.5B, raised ~$450M from BlackRock/Fidelity/D1; restated 2021-22 financials amid SEC probe, CFO fired; delisted from Nasdaq 2023, OTC penny stock at ~$0.03B market cap vs $1.5B peak; rebranded Door.com)
