New SaaS SPAC Latch Just Doubled Its Growth Rate

There are a lot of brand-new SPACs to sort through after the SPAC boom we just saw over the past six months. 2020 saw 248 SPACs, nearly a fivefold increase over 2019. Meanwhile, 2021 has already exceeded the 2020 SPAC count, and we're only four months in!

That leaves a lot of options, so some investors may have missed the recent April 27 first-quarter update from one of my favorite new SPACs, TS Innovation Acquisitions (NASDAQ: TSIA), which will soon purchase real estate technology firm Latch.

It looks as though Latch, whose smart locks, thermostats, delivery management tools, and other software modules aim to modernize apartment buildings, is delivering on the promises outlined in its initial SPAC presentation. That sets investors up for big potential returns over the next decade.

Source Fool.com