Latch's ongoing effort to restate its financials, after a board investigation turned up problems with its revenue recognition [IPVM post here], is taking longer than anticipated and the company will likely miss an Aug. 4 deadline to submit delinquent filings to the SEC, the company disclosed in a recent 8-K.
As a result, Latch said it expects to be de-listed from the Nasdaq and will trade over-the-counter. The 8-K and press release are here.
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