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Why Forum Merger II Stock Dropped 13% This Morning

·2 min read
Why Forum Merger II Stock Dropped 13% This Morning

Shares of Forum Merger II (NASDAQ: FMCI), the special purpose acquisition company that plans to take Tattooed Chef public in a reverse merger IPO, took a tumble this morning. Both the morning decline and the afternoon recovery may be connected to an important shareholder vote slated to take place tomorrow. On Thursday, Forum Merger shareholders will vote on whether the date of the upcoming merger with Tattooed Chef can be pushed back from the end of this quarter (Sept. 30) to early next quarter (Oct. 30).