UMB Financial Corporation announced that UMB Capital Corporation has acquired approximately 4.05 million shares of Tattooed Chef, Inc.
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.