Yo!
Happy Monday! I hope you are paying your taxes :)

Jokes aside, there is an exciting merger that has been brewing for the last couple of months.
The partnership of FMCI and vegan food creator Tattooed Chef.
FMCI is a blank check company IPO’ed for the sake of helping another company IPO. The target date for the full merger is October 30th.
Who’s Tattoo Chef?
Tattooed Chef produces a range of vegan and vegetarian frozen foods. Think of Beyond Meat.
Similar in their approach, they have formed partnerships with Walmart, Safeway, and have exciting plans to place their products in many household names.
“From 2018 to 2019, the company increased revenues from $47.9 million to $84.9 million. This 77% growth rate is projected to continue, as the company expects to have $222 million in yearly revenue by 2022.” - Benzinga
And no one has heard of them.
Thoughts
Interestingly enough, they are a quiet company with a rather impressive track record. At the same age, Beyond Meat was not doing the type of revenue that Tattooed Chef is doing.
Furthermore, with the recent uproar of meat distribution, interest for vegan and vegetarian frozen food has lifted the market as noted from Beyond Meat’s stock price: rising about 17%.
That’s a significant rise considering that many meat providers were falling.
So one thing is sure. There is demand.
The company has a viable stake in the global market.
Secondly, and this may be obvious, the company is profitable.
In the realm of SPACs, where companies untraditionally IPO without an offering, they are perceived as more risker bets.
The main reason being that they are largely vetted by one organization, the SPAC, in this case, FMCI. [ They get to sidestep the exchange vetting process e.i. NASDAQ, NYSE. ]
There are more than enough reasons to be wary of SPACS, especially recently.
Think of $NKLA — straight from Jim Cramer.
FMCI believes that Tattooed Chef has a strong moat and wants to help them IPO, in return allowing Tattooed Chef to increase the exposure and opportunities that lie with investor money.
Conclusion
I’m excited about this merger and look forward to a new ticker: TTCF.
If you’d like more research and info about FMCI + Tattooed Chef, check out my friend Lincoln’s in depth analysis.
If all goes well…
Let’s just say I’ll treat myself to some more Ubé ice cream.
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Till then, stay prosperous.
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Quick note: they are launching an online store besides the partnerships they plan on developing, in addition to their current partners. So yeah!