FMCI stock closed up in after-hours trading on October 6, 2020, after the company reported 71% revenue growth.
Ittella International, a plant-based food company with a broad portfolio of innovative products (“Tattooed Chef”) today announced preliminary revenue of $41.0 million for the third quarter ended September 30, 2020, a 71% increase over the prior year period. As previously announced, Tattooed Chef and Forum Merger II Corporation (Nasdaq: FMCI)(“Forum” or the “Company”), a special purpose acquisition company, have entered into a definitive agreement (the “Business Combination Agreement”) for a business combination that will introduce Tattooed Chef as a Nasdaq-listed public company under the symbol “TTCF”.
Sam Galletti, President and CEO of Tattooed Chef said, “Our strong third quarter revenue results were driven by our Tattooed Chef® branded products and we expect this trend to continue to accelerate as we launch our new e-commerce platform later this month. Given this and increased distribution to our tier one customers, we believe we are well positioned to meet or exceed our full year revenue expectation of $148 million and Adjusted EBITDA expectation of $17 million.”
David Boris, Co-CEO and CFO of Forum added, “We continue to believe in Tattooed Chef’s long-term growth opportunity in the global plant-powered food market and expect to close the transaction shortly after the special meeting on October 15, 2020.”
Forum Merger II Corporation encourages its stockholders to vote in favor of the proposal to approve the proposed business combination and all other related proposals to be voted on at the special meeting of Forum’s stockholders to be held virtually on Thursday, October 15, 2020 at 9:00 a.m. Eastern Time, as described in the Company’s definitive proxy statement relating to the business combination.
You are encouraged to submit your vote as soon as possible after receiving the definitive proxy materials relating to the business combination. Your vote is important no matter how many shares you own. A stockholder’s failure to vote by proxy or to vote at the special meeting will not be counted towards the number of shares of common stock required to validly establish a quorum. If you hold your shares in an account at a brokerage firm, bank or other similar agent, you may vote prior to the meeting by using your voting control number and instructions provided by your brokerage firm, bank or other similar agent. If you are a stockholder of record, you may vote prior to the special meeting by signing, dating and mailing your proxy card in the return envelope provided with your proxy material. If you are a stockholder of record as of the record date and would like to attend and vote at the special meeting, you will need to follow the instructions provided in the definitive proxy statement.
If you signed up with your brokerage firm, bank or other similar agent to receive proxy materials electronically and you are a stockholder as of the September 28, 2020 record date, you should have received an email upon the initial proxy mailing. If you did not receive an email to your inbox that includes the meeting details and your voting control number, please check your spam folder and/or contact your brokerage firm, bank or other similar agent for voting information.
If stockholders have any questions or need assistance voting their shares, please contact Morrow Sodali LLC at (800) 460-1014.