Why TS Innovation Acquisitions Rose Over 50% Today
Shares of TS Innovation Acquisitions (NASDAQ: TSIA) soared more than 90% early Monday morning. It gave back some of those gains, but shares of the special purpose acquisition company (SPAC) remained up 54% as of 11:40 a.m. EST.
The real estate-focused SPAC backed by real estate investor Tishman Speyer Properties announced it will be bringing Latch public through a merger that should close in the second quarter of 2021. Latch makes contactless building lock systems and provides the associated software-as-a-service (SAAS) offerings.
Image source: Latch.
Source Fool.com
