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TTCF.US

Tattooed Chef (TTCF) Financial Restatements Case

On October 12, 2022, Tattooed Chef (TTCF) announced that it would restate its quarterly and annual financial statements for 2021 and its Q1 and Q2 of 2022. and that these financial statements should no longer be relied upon.

The Company clarified that the restatements are because it was notified earlier this month by its former independent registered public accounting firm, BDO USA LLP, that “the company incorrectly recorded expenses related to a multi-vendor mailer program with a large customer as operating expenses rather than reduction of revenue, and expenses for advertising placement by a marketing services firm on a straight-line basis over the life of the contract rather than when the services were actually rendered.”

Investors have reasons to suspect that the Company, its Leaders, and its Services providers could have committed gross negligence in the management of the Company and disclosure of information to shareholders.
Alleged Offence
Mismanagement
Misleading Statements
Financial Misrepresentation
Fraud
Failure to Disclose
Malpractice
Negligence
Omissions
Suspected Party
Directors
Management
Service Provider
Security Type
Stocks
Trade Direction
Long
Shock Event Date
12 October 2022
Collecting participants…
Created by Stan Vick, Scout

Tattooed Chef Inc

Tattooed Chef, Inc., a plant-based food company, produces and sells a portfolio of frozen foods. It supplies plant-based products to retailers in the United States. The company offers ready-to-cook...

    Ticker
    TTCF.US
    ISIN
    US87663X1028
    CIK
    1741231
    Sector
    Consumer Non-Cyclicals
    Industry
    Food & Tobacco
    Country
    USA
    Address
    6305 Alondra Boulevard, Paramount, CA, United States, 90723