TTCF - Why Tattooed Chef Stock Fell Almost 14% in February
Shares of frozen-food company Tattooed Chef (NASDAQ: TTCF) fell 13.9% in February, according to data provided by S&P Global Market Intelligence . During the month, the company redeemed all of its outstanding warrants and pre-announced full-year 2020 financial results.
Tattooed Chef went public via a special purpose acquisition company ( SPAC ) in 2020. SPACs have a unique feature called public warrants . The holder is entitled to redeem each warrant for a share of common stock at a set price, usually $18 per share.
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Why Tattooed Chef Stock Fell Almost 14% in February