other material
confidence high
sentiment negative
materiality 1.00
Tattooed Chef, Inc.: M&A transaction — Tattooed Chef completes sale of all assets in bankruptcy, ceases operations
Tattooed Chef, Inc.
- Court approved sale of Karsten Real Property for $4.575M on Nov 15, 2023, finalizing asset disposition.
- Company has no operating assets, has ceased all operations; equity holders likely receive no recovery.
- Tattooed Chef brand and IP sold to Planted Ventures (owned by ex-CEO Salvatore Galletti) for $775,000.
- Winning bids at auction totaled over $13M in cash and credit from multiple buyers.