|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||22.52 - 25.25|
|52 Week Range||9.76 - 28.64|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
For months, investors have awaited confirmation that the special purpose acquisition company (SPAC) Forum Merger II Corporation (NASDAQ: FMCI) would successfully close its reverse IPO with plant-based packaged-foods maker Tattooed Chef. On Thursday, that confirmation finally arrived -- and Forum Merger stock promptly plummeted 8.1% by close of trading. Forum Merger announced this afternoon that it has consummated its merger with Tattooed Chef owner Ittella International.
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.
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).