How This SaaS Company Is Going to Use $490 Million in SPAC Proceeds

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Property technology and software-as-a-service (SaaS) company Latch is set to go public through a merger with blank-check company TS Innovation Acquisitions (NASDAQ: TSIA). And like most SPAC mergers, the deal will provide Latch with tons of new capital — nearly half a billion dollars in this case. In this Fool Live video clip, recorded on March 8, contributor Matt Frankel, CFP, asks Latch’s CEO, Luke Schoenfelder, how the company plans to put that money to work. 

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