Forbes
Plant-based foods company Ittella International, which offers both private label and Tattooed Chef branded products, is expected to go public in the third quarter of 2020 upon merger with special purpose acquisition firm Forum Merger II Corporation, with an anticipated enterprise value of $482 million.
Harrison Co. acted as financial advisor to Ittella International, and Rutan & Tucker, LLP served as legal counsel.
Completion of the transaction is subject to approval by Forum’s stockholders and certain other closing conditions specified in the two parties’ business combination agreement.
Ittella International’s current shareholders are expected to retain 80% of their equity, which will covert into 60% of the outstanding shares of the combined company.
Tattooed Chef’s founder Sarah Galletti, who will lead the public company alongside CEO and president Sam Galletti, and COO and CFO Stephanie Dieckmann, told me an IPO will help Ittella International build brand awareness, expand distribution, launch innovative products, and invest in its infrastructure to capitalize on the global plant-powered food market.
Read the full article – Plant-Based Foods Company Ittella International To Go Public
