Tattooed Chef: Recent SPAC Acquisition Is Already Past Its Sell-By Date

Kerrisdale Capital is short shares of Tattooed Chef Inc (NASDAQ:TTCF).Q3 2020 hedge fund letters, conferences and moreTattooed Chef Inc (TTCF): Recent SPAC Acquisition is Already Past its Sell-By DateWe are short shares of Tattooed Chef, a $1.2bn packaged-food company that trades at about 7.5x 2020 revenues despite extreme customer concentration and flagging retail sales. Having recently gone public through acquisition by Forum Merger II Corporation, a special purpose acquisition company (SPAC), financial details regarding Tattooed Chef’s business are sparse. Investors have nonetheless bestowe…

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HEDGE accordingly