---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-011400"
form_type: "8-K"
ticker: null
cik: "0001741231"
company_name: "Tattooed Chef, Inc."
filed_at: "2023-04-12T23:59:59+00:00"
generated_at: "2026-06-17T03:10:17.428653+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Tattooed Chef receives additional $2M unsecured loan from CEO Galletti; total insider loans reach $12M

## Summary
- CEO Salvatore Galletti loaned $2M unsecured to TTCF on Apr 7, 2023; company on-lent to subsidiary Ittella.
- Interest at daily adjusting Term SOFR + 3.0% per annum; matures Sep 30, 2025; monthly interest-only payments.
- This adds to prior $5M loans in Nov 2022 and Dec 2022, bringing total CEO loans to $12M.
- Payments subordinated to UMB Bank line of credit; PIK interest applies if payments prohibited.
- Reliance on insider financing signals ongoing cash needs; no new external credit facility announced.

## SEC filing metadata
- accession: 0001628280-23-011400
- form_type: 8-K
- cik: 0001741231
- company_name: Tattooed Chef, Inc.
- filed_at: 2023-04-12T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1741231/000162828023011400/0001628280-23-011400-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1741231/000162828023011400/ttcf-20230407.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-011400
- JSON: https://secwatch.observer/filing/0001628280-23-011400.json
- Plain text: https://secwatch.observer/filing/0001628280-23-011400.txt

## Key facts
- Debt Financings
  Tattooed Chef, Inc. incurred loan of $2,000,000 with Salvatore Galletti at daily adjusting term SOFR rate + 3.0% per annum maturing September 30, 2025.
  - Instrument: loan
  - Principal: $2,000,000
  - Counterparty: Salvatore Galletti
  - Rate: daily adjusting term SOFR rate + 3.0% per annum
  - Maturity: September 30, 2025
  - Event: incurrence
  source text: On April 7, 2023, Tattooed Chef, Inc. (the “Company”) received a $2,000,000 unsecured loan from the Company’s CEO and Chairman of the Board, Salvatore Galletti.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1741231/000162828023011400/0001628280-23-011400-index.htm
- Material Agreements
  Tattooed Chef, Inc. entered into Promissory Note with Salvatore Galletti valued at $2,000,000 unsecured loan (effective 2023-04-07).
  - Action: entry
  - Counterparty: Salvatore Galletti
  - Value: $2,000,000 unsecured loan
  - Effective: 2023-04-07
  source text: On April 7, 2023, Tattooed Chef, Inc. (the “Company”) received a $2,000,000 unsecured loan from the Company’s CEO and Chairman of the Board, Salvatore Galletti. The Company, in turn, loaned that $2,000,000 on an unsecured basis to its operating subsidiary, Ittella International, LLC (“Ittella”). This loan is in addition to (i) the $5,000,000 loan made by Mr. Galletti in November 2022 and described in the Company’s Current Report on Form 8-K filed on November 28, 2022, and (ii) the $5,000,000 loan made by Mr. Galletti in December 2022 and described in the Company’s Current Report on Form 8-K filed on December 30, 2022. The loan from Mr. Galletti to the Company is evidenced by a Promissory Note (the “Note”) that bears interest at the same rate as that payable to UMB Bank, N.A. (the “Bank”), the Company’s lender under its principal line of credit (i.e., the daily adjusting term SOFR rate + 3.0% per annum), that matures on September 30, 2025 (the “Maturity Date”), and is payable interest o
  evidence_url: https://www.sec.gov/Archives/edgar/data/1741231/000162828023011400/0001628280-23-011400-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.