Why Forum Merger II Stock Dropped 13% This Morning
Shares of Forum Merger II (NASDAQ: FMCI), the special purpose acquisition company that plans to take Tattooed Chef public in a reverse merger IPO, took a tumble this morning. The stock fell as much as 13.5% before recovering to only about a 3.6% decline as of 12:53 p.m. EDT.
Both the morning decline and the afternoon recovery may be connected to an important shareholder vote slated to take place tomorrow.
Image source: Tattooed Chef.
Source Fool.com