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Why Forum Merger II Stock Is Up Another 17% Today

·2 min read
Why Forum Merger II Stock Is Up Another 17% Today

As a merger vote approaches, shares of Forum Merger II (NASDAQ: FMCI), the company that hopes to take meatless packaged-foods producer Tattooed Chef public in a reverse-merger IPO, are taking off themselves. In early afternoon trading on Monday, shares of Forum Merger II are up a strong 16.6% as of 12:15 p.m. EDT. On Thursday, Sept. 24, Forum Merger postponed the deadline for shareholder voting on its merger with Tattooed Chef.