An investigation for investors in Tattooed Chef, Inc. (NASDAQ:TTCF) shares over potential securities laws violations by Tattooed Chef, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 10/26/2022 -- Tattooed Chef, Inc. is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of Tattooed Chef, Inc. (NASDAQ: TTCF), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Tattooed Chef, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On March 16, 2022, Tattooed Chef, Inc. announced its fourth quarter and full year 2021 financial results. Tattooed Chef, Inc. reported that its annual Total Revenue rose from $148.49 million in 2020 to $213.43 million in 2021, and that its Net Income of $67.24 million in 2020 turned to a Net Loss of $87.4 million in 2021.
Then on October 12, 2022, after market hours, Tattooed Chef, Inc. announced that it would restate its quarterly and annual financial statements for 2021, and for its first and second quarterly financial periods of 2022. Tattooed Chef stated these financial statements should no longer be relied upon.
Shares of Tattooed Chef, Inc. (NASDAQ: TTCF) declined from $13.23 per share in late Match 2022, to as low as $3.90 per share on October 24, 2022.
Those who purchased shares of Tattooed Chef, Inc. (NASDAQ: TTCF) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.