What Happened to Tattooed Chef?
Ticker: TTCFQSPAC Year: 2018Merger: 2020
Return
-100.0%
Current Price
$0
Peak Price
$27.8
Trust Size
$190M
Summary
Tattooed Chef was a plant-based food company that sold frozen meals, bowls, and pizzas in major retailers including Walmart, Target, and Costco. The company went public via SPAC merger with Forum Merger III Corp in 2020. Tattooed Chef filed for Chapter 11 bankruptcy in July 2023.
What Happened
Forum Merger III Corp merged with Tattooed Chef in October 2020 during the plant-based food boom. The company gained distribution in major retailers but couldn't achieve profitability, facing high costs and declining consumer interest in plant-based foods. The stock fell from over $20 to pennies. Tattooed Chef filed for Chapter 11 in July 2023 and its liquidating trustee later sued former directors for $100 million in damages.
Timeline
2018-07-18
S-1 Registration Filed
2020-10-01
Merger Proxy Filed (DEFM14A)
2024-04-25
Last SEC Filing