Latch parts ways with CFO after difficult SPAC debut

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An accidental e-mail shows that the CFO of Latch is leaving the company less than a year after he assumed the role. The executive shakeup is not on the news portion of the website, but the company did file with the SEC and release the news via a wire service.

Mitchell will be replaced by Barry Schaeffer, senior vice president of finance. Junji Nakamura, a senior VP at the company, will assume a new role as chief accounting officer after COO Ali Hussain stepped down as executive officer and principal operating officer.

The SPAC boom was a failure, yeah?

These changes are an important part of the next phase of growth.

The attacks of the SPACs began.

Many tech companies in the public markets have seen their share prices fall amid a broader recovery from valuation highs. The trend has been covered by TechCrunch. The selloff led to a shift in investor sentiment regarding the value of technology companies.