Why Forum Merger II Stock Slid 8% Thursday
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.