Tattooed Chef Intends To File For Voluntary Chapter 11 Bankruptcy Protection
Portfolio Pulse from Benzinga Newsdesk
Tattooed Chef has announced its intention to file for voluntary Chapter 11 bankruptcy protection. This move is typically made to allow a company to restructure its debts and obligations while continuing to operate.
June 30, 2023 | 8:08 pm
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Tattooed Chef's announcement of its intention to file for Chapter 11 bankruptcy protection could negatively impact its stock price in the short term.
Filing for bankruptcy protection is generally seen as a negative event for a company's stock. While it allows the company to continue operating while it restructures its debts, it also signals financial distress, which could lead to a decrease in investor confidence and a drop in the stock price.
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