Why TS Innovation Acquisitions Rose Over 50% Today

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.