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Why Forum Merger II Stock Slid 8% Thursday

Rich Smith, The Motley Fool
·1 min read
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.

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